B2Gold Corp. (BTG) Short Interest Down 14.0% in December

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 4,690,624 shares, a drop of 14.0% from the December 14th total of 5,457,118 shares. Based on an average trading volume of 5,917,985 shares, the days-to-cover ratio is currently 0.8 days.

NYSEAMERICAN:BTG opened at $2.86 on Friday. B2Gold has a 52 week low of $2.10 and a 52 week high of $3.30.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $323.86 million for the quarter, compared to the consensus estimate of $323.48 million.

A number of large investors have recently bought and sold shares of BTG. BlackRock Inc. raised its holdings in B2Gold by 18.1% during the second quarter. BlackRock Inc. now owns 728,691 shares of the basic materials company’s stock valued at $1,880,000 after acquiring an additional 111,657 shares during the period. Janus Henderson Group PLC increased its holdings in shares of B2Gold by 90.6% in the second quarter. Janus Henderson Group PLC now owns 2,069,760 shares of the basic materials company’s stock worth $5,359,000 after purchasing an additional 983,700 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of B2Gold by 136.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 39,531 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 22,831 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of B2Gold in the second quarter worth about $357,000. Finally, Bank of America Corp DE increased its holdings in shares of B2Gold by 29.7% in the second quarter. Bank of America Corp DE now owns 3,159,780 shares of the basic materials company’s stock worth $8,152,000 after purchasing an additional 724,350 shares during the last quarter.

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About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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