Today, Short Interest in Gold Resource Co. (GORO) Expands By 2.1%

Today, Short Interest in Gold Resource Co. (GORO) Expands By 2.1%

Gold Resource Co. (NYSE:GORO) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,485,124 shares, an increase of 2.1% from the October 31st total of 2,433,475 shares. Based on an average daily volume of 1,399,276 shares, the days-to-cover ratio is currently 1.8 days. Approximately 4.6% of the company’s shares are short sold.

In other Gold Resource news, COO Richard M. Irvine sold 34,666 shares of Gold Resource stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $5.90, for a total value of $204,529.40. Following the transaction, the chief operating officer now owns 48,666 shares of the company’s stock, valued at $287,129.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John A. Labate sold 50,000 shares of Gold Resource stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $6.09, for a total transaction of $304,500.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $304,500. The disclosure for this sale can be found here.

Shares of Gold Resource (NYSE:GORO) traded up 1.42% on Friday, reaching $4.29. 276,714 shares of the company’s stock were exchanged. Gold Resource has a 52-week low of $1.14 and a 52-week high of $8.22. The stock has a market cap of $242.67 million and a P/E ratio of 42.06. The company’s 50 day moving average price is $5.26 and its 200-day moving average price is $5.07.

The business also recently announced a monthly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Friday, November 11th were issued a $0.0017 dividend. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.47%.

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