Mako Mining Corp. (NASDAQ:MAKO) Short Interest Down 63.7% in August

Key Points

• Short interest fell 63.7% to 26,123 shares as of August 31, representing about 0.0% of outstanding shares and a short-interest ratio of 0.1 days.
• MAKO shares traded at $10.08, near the upper end of their $4.78–$11.10 one-year range. The company reported quarterly EPS of $0.26 on $68.59 million in revenue, with a 25.11% net margin.
• Analyst sentiment remains moderately positive, with one Buy and one Hold rating, while the Public Employees Retirement System of Ohio increased its stake by 61.5% in the second quarter.

Mako Mining Corp. (NASDAQ:MAKO - Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 26,123 shares, a decline of 63.7% from the August 15th total of 72,006 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 199,663 shares, the short-interest ratio is presently 0.1 days.

Mako Mining Price Performance

Shares of MAKO traded up $0.26 during mid-day trading on Friday, hitting $10.08. The company's stock had a trading volume of 173,327 shares, compared to its average volume of 170,380. Mako Mining has a one year low of $4.78 and a one year high of $11.10. The firm has a market capitalization of $883.07 million and a price-to-earnings ratio of 24.59. The business has a 50-day moving average of $8.84.

Mako Mining (NASDAQ:MAKO - Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $68.59 million for the quarter. Mako Mining had a net margin of 25.11% and a return on equity of 34.25%. Research analysts expect that Mako Mining will post 0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAKO. Wall Street Zen downgraded shares of Mako Mining from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings upgraded Mako Mining from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Finally, Zacks Research raised Mako Mining to a "hold" rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mako Mining stock. Public Employees Retirement System of Ohio grew its stake in shares of Mako Mining Corp. (NASDAQ:MAKO - Free Report) by 61.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 25,200 shares of the company's stock after buying an additional 9,600 shares during the period. Public Employees Retirement System of Ohio's holdings in Mako Mining were worth $185,000 as of its most recent filing with the SEC.

About Mako Mining

Mako Mining Corp. is a gold mining and exploration company focused on the acquisition, development and operation of mineral properties in Nicaragua. The company's principal asset is the San Albino Gold Project in the Nueva Segovia region, a historically productive gold-mining district.

San Albino includes the San Albino and Las Conchitas deposits, where Mako conducts mining, processing and exploration activities. The company's operations are centered on producing gold and expanding its resource base through exploration and development of nearby mineralized zones.

Mako Mining was formed through the consolidation of assets formerly associated with Marlin Gold Mining.

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