Gold Resource Co. (NYSEAMERICAN:GORO) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,700,333 shares, a drop of 3.5% from the January 15th total of 1,761,097 shares. Based on an average daily volume of 441,502 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.1% of the shares of the company are sold short.
Hedge funds have recently modified their holdings of the stock. Brickley Wealth Management bought a new position in Gold Resource in the fourth quarter worth $40,000. Raymond James & Associates lifted its holdings in shares of Gold Resource by 17.0% during the fourth quarter. Raymond James & Associates now owns 23,456 shares of the basic materials company’s stock valued at $94,000 after acquiring an additional 3,401 shares during the period. Prudential Financial Inc. bought a new position in shares of Gold Resource during the third quarter valued at $116,000. Jane Street Group LLC bought a new position in shares of Gold Resource during the third quarter valued at $128,000. Finally, Acadian Asset Management LLC bought a new position in shares of Gold Resource during the fourth quarter valued at $141,000.
Shares of GORO stock opened at $4.47 on Thursday. Gold Resource has a one year low of $3.61 and a one year high of $7.33.
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Gold Resource Company Profile
Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the El Aguila project comprising 19 mining concessions aggregating approximately 30,215 hectares located in the State of Oaxaca.
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