Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,786,199 shares, a drop of 10.2% from the January 15th total of 1,988,660 shares. Based on an average daily trading volume, of 165,031 shares, the short-interest ratio is presently 10.8 days.
An institutional investor recently raised its position in Almaden Minerals stock. Close Asset Management Ltd lifted its holdings in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) by 715.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,346 shares of the basic materials company’s stock after purchasing an additional 33,646 shares during the quarter. Close Asset Management Ltd’s holdings in Almaden Minerals were worth $2,222,000 at the end of the most recent quarter.
Shares of AAU opened at $0.71 on Thursday. Almaden Minerals has a 1 year low of $0.48 and a 1 year high of $0.98.
Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Ixtaca project located in Puebla State, Mexico.
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