Gold Resource Co. (GORO) Sees Large Growth in Short Interest

Gold Resource Co. (NYSEAMERICAN:GORO) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,672,763 shares, a growth of 23.5% from the January 12th total of 1,354,224 shares. Based on an average daily volume of 470,170 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.1% of the company’s stock are sold short.

Gold Resource (NYSEAMERICAN GORO) traded down $0.15 during midday trading on Friday, hitting $4.17. The company had a trading volume of 613,148 shares, compared to its average volume of 426,505. Gold Resource has a one year low of $3.08 and a one year high of $6.27. The company has a market capitalization of $246.91, a price-to-earnings ratio of 39.27 and a beta of 0.44.

The company also recently declared a dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be given a dividend of $0.0017 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a dividend yield of 0.000388508158508159%. Gold Resource’s dividend payout ratio is presently 18.18%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Gold Resource by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 42,408 shares of the basic materials company’s stock valued at $172,000 after purchasing an additional 3,612 shares in the last quarter. M&T Bank Corp boosted its position in shares of Gold Resource by 19.8% during the second quarter. M&T Bank Corp now owns 30,275 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 5,000 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Gold Resource by 44.9% during the second quarter. Voya Investment Management LLC now owns 24,632 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 7,632 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Gold Resource by 6.2% during the second quarter. TIAA CREF Investment Management LLC now owns 137,705 shares of the basic materials company’s stock valued at $562,000 after purchasing an additional 7,979 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Gold Resource by 12.8% in the second quarter. Teachers Advisors LLC now owns 98,356 shares of the basic materials company’s stock worth $401,000 after acquiring an additional 11,196 shares in the last quarter.

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Gold Resource Company Profile

Gold Resource Corporation is a mining company. The Company is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project within its Oaxaca Mining Unit located in the southern state of Oaxaca, Mexico. The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.

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