Todays Report: The Short Interest in B2Gold Corp (BTG) Declines By 73.9%

The Short Interest in B2Gold Corp (BTG) Declines By 73.9%

B2Gold Corp (NYSE:BTG) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 9,556,396 shares, a decrease of 73.9% from the September 15th total of 36,651,156 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 13,427,887 shares, the short-interest ratio is presently 0.7 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AXA acquired a new position in B2Gold Corp during the second quarter worth $100,000. Bank of New York Mellon Corp increased its position in B2Gold Corp by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 48,563 shares of the company’s stock worth $122,000 after buying an additional 5,360 shares in the last quarter. Jefferies Group LLC acquired a new position in B2Gold Corp during the second quarter worth $191,000. A.R.T. Advisors LLC acquired a new position in B2Gold Corp during the second quarter worth $206,000. Finally, Citadel Advisors LLC acquired a new position in B2Gold Corp during the second quarter worth $211,000.

B2Gold Corp (NYSE:BTG) opened at 2.48 on Friday. The company’s market cap is $2.33 billion. The stock’s 50 day moving average is $2.67 and its 200 day moving average is $2.46. B2Gold Corp has a 12 month low of $0.60 and a 12 month high of $3.65.

Several analysts recently issued reports on BTG shares. Scotiabank reiterated an “outperform” rating and issued a $3.25 price target on shares of B2Gold Corp in a report on Friday, July 1st. National Bank Financial cut shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $3.85 to $4.20 in a research report on Friday, July 15th. Canaccord Genuity reissued a “buy” rating and issued a $5.25 price objective (up from $4.75) on shares of B2Gold Corp in a research report on Monday, August 8th. CIBC reissued a “sector perform” rating and issued a $5.00 price objective (up from $4.00) on shares of B2Gold Corp in a research report on Monday, August 8th. Finally, Clarus Securities raised shares of B2Gold Corp from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. B2Gold Corp presently has an average rating of “Buy” and a consensus target price of $4.69.

B2Gold Corp Company Profile

Related posts

Leave a Comment