Todays Report: Today, Comstock Mining Inc (LODE) Sees Large Increase in Short Interest

Today, Comstock Mining Inc (LODE) Sees Large Increase in Short Interest

Comstock Mining Inc (NYSE:LODE) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,210,782 shares, a growth of 7.1% from the October 31st total of 1,130,689 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 426,225 shares, the days-to-cover ratio is presently 2.8 days.

Separately, Zacks Investment Research upgraded shares of Comstock Mining from a “sell” rating to a “hold” rating in a research report on Monday, August 29th.

Shares of Comstock Mining (NYSE:LODE) traded down 3.0103% during midday trading on Friday, hitting $0.2352. 101,530 shares of the stock traded hands. The firm’s 50-day moving average is $0.27 and its 200 day moving average is $0.35. Comstock Mining has a 52 week low of $0.19 and a 52 week high of $0.62. The company’s market capitalization is $43.39 million.

Comstock Mining (NYSE:LODE) last announced its earnings results on Thursday, October 20th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. Equities analysts forecast that Comstock Mining will post ($0.09) earnings per share for the current year.

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