Gold Resource Co. (NYSE:GORO) Sees Large Decrease in Short Interest

Gold Resource Co. (NYSE:GORO - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 2,100,000 shares, a decrease of 28.6% from the May 15th total of 2,940,000 shares. Approximately 2.3% of the company's stock are short sold. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is currently 0.9 days.

Gold Resource Stock Down 4.5%

Gold Resource stock traded down $0.03 during mid-day trading on Friday, hitting $0.59. 336,220 shares of the company were exchanged, compared to its average volume of 2,603,960. The company has a market capitalization of $80.51 million, a PE ratio of -1.20 and a beta of 0.76. The business has a fifty day moving average of $0.56 and a 200 day moving average of $0.43. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.74.

Institutional Trading of Gold Resource

Several large investors have recently added to or reduced their stakes in GORO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Gold Resource by 61.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company's stock valued at $1,185,000 after buying an additional 881,701 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Gold Resource in the fourth quarter worth about $119,000. Jane Street Group LLC lifted its position in shares of Gold Resource by 165.2% during the first quarter. Jane Street Group LLC now owns 474,468 shares of the company's stock worth $242,000 after purchasing an additional 295,565 shares in the last quarter. Shay Capital LLC lifted its position in shares of Gold Resource by 114.1% during the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company's stock worth $58,000 after purchasing an additional 134,077 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Gold Resource by 36.7% during the first quarter. XTX Topco Ltd now owns 109,984 shares of the company's stock valued at $56,000 after purchasing an additional 29,543 shares during the last quarter. 18.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. HC Wainwright decreased their price target on Gold Resource from $1.75 to $1.25 and set a "buy" rating for the company in a research note on Friday, March 7th. Wall Street Zen started coverage on Gold Resource in a research report on Sunday, May 4th. They issued a "sell" rating for the company.

Gold Resource Company Profile

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal assets are the 100% owned Don David gold mine and Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.