Mako Mining Corp. (NASDAQ:MAKO) Stock Short Interest Report for September

Key Points

• Short interest surged 1,210.7% in September to 204,176 shares, representing approximately 0.3% of Mako Mining’s outstanding stock and a days-to-cover ratio of 1.0.
• Analyst sentiment remains generally positive, with one Buy and one Hold rating producing a consensus “Moderate Buy,” despite some firms recently lowering or maintaining their ratings.
• MAKO shares rose 4.0% to $9.36, while an Ohio public employee pension fund increased its position by 61.5% during the second quarter to 25,200 shares.

Mako Mining Corp. (NASDAQ:MAKO - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 204,176 shares, a growth of 1,210.7% from the September 15th total of 15,578 shares. Based on an average daily volume of 203,663 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAKO. Zacks Research raised Mako Mining to a "hold" rating in a research report on Wednesday, June 17th. Wall Street Zen lowered Mako Mining from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings upgraded Mako Mining from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Mako Mining has a consensus rating of "Moderate Buy".

Institutional Trading of Mako Mining

A hedge fund recently raised its position in Mako Mining stock. Public Employees Retirement System of Ohio grew its position in Mako Mining Corp. (NASDAQ:MAKO - Free Report) by 61.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,200 shares of the company's stock after acquiring an additional 9,600 shares during the period. Public Employees Retirement System of Ohio's holdings in Mako Mining were worth $185,000 at the end of the most recent quarter.

Mako Mining Trading Up 4.0%

MAKO stock traded up $0.36 during midday trading on Friday, hitting $9.36. The company's stock had a trading volume of 107,292 shares, compared to its average volume of 188,565. The business has a fifty day moving average price of $9.81. Mako Mining has a twelve month low of $4.96 and a twelve month high of $11.10.

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 Mine, a high-grade, open-pit operation in the Nueva Segovia region of northern Nicaragua.

In addition to mining and processing gold at San Albino, Mako Mining conducts exploration and resource-development activities across its land package in the region. Its exploration portfolio includes the San Albino and Las Conchitas areas, which contain additional gold-bearing targets that may support future mine development and expansion.

Mako Mining was formerly known as Marlin Gold Mining Ltd.

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