Banro Co. (NYSEAMERICAN:BAA) Sees Large Decline in Short Interest

Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 574,594 shares, a decline of 10.4% from the November 15th total of 641,447 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 3,856,159 shares, the short-interest ratio is presently 0.1 days.

An institutional investor recently bought a new position in Banro stock. Guardian Capital LP purchased a new stake in Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 445,713 shares of the mining company’s stock, valued at approximately $316,000. Guardian Capital LP owned approximately 0.41% of Banro as of its most recent filing with the Securities and Exchange Commission (SEC).

Shares of Banro (NYSEAMERICAN:BAA) traded down $0.01 during trading hours on Wednesday, reaching $0.10. The company had a trading volume of 1,408,500 shares, compared to its average volume of 548,639. Banro has a 1 year low of $0.10 and a 1 year high of $2.10. The company has a market capitalization of $12.84, a PE ratio of -0.11 and a beta of 1.46.

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Banro Company Profile

Banro Corp (Banro) is a Canada-based gold mining company. The Company, through its subsidiaries, holds interest in a number of gold properties, including Twangiza, Namoya, Lugushwa and Kamituga. The Company is focused on production from the Twangiza gold mine in the Democratic Republic of the Congo (DRC).

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