Golden Minerals Co (NYSEAMERICAN:AUMN) Short Interest Up 11.4% in August

Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 2,181,800 shares, an increase of 11.4% from the July 15th total of 1,957,800 shares. Based on an average trading volume of 400,800 shares, the days-to-cover ratio is presently 5.4 days. Currently, 4.2% of the company’s stock are short sold.

Shares of NYSEAMERICAN:AUMN remained flat at $$0.27 during trading on Wednesday. The company’s stock had a trading volume of 237,698 shares, compared to its average volume of 274,658. Golden Minerals has a 12-month low of $0.19 and a 12-month high of $0.38.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.03) earnings per share for the quarter.

Separately, HC Wainwright reiterated a “buy” rating and set a $0.60 target price on shares of Golden Minerals in a research note on Thursday, August 8th.

An institutional investor recently raised its position in Golden Minerals stock. Vanguard Group Inc. increased its stake in Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 958,728 shares of the basic materials company’s stock after acquiring an additional 42,160 shares during the period. Vanguard Group Inc. owned about 0.98% of Golden Minerals worth $271,000 as of its most recent SEC filing.

Golden Minerals Company Profile

Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the Velardeña and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.

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