Osisko Development Corp. (NYSE:ODV) Sees Significant Increase in Short Interest

Osisko Development Corp. (NYSE:ODV - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 865,600 shares, an increase of 170.2% from the March 31st total of 320,400 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 373,400 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Osisko Development during the third quarter worth $60,000. Focus Partners Advisor Solutions LLC purchased a new stake in Osisko Development during the 4th quarter worth about $62,000. Jane Street Group LLC purchased a new stake in Osisko Development during the 3rd quarter worth about $69,000. U S Global Investors Inc. bought a new position in Osisko Development in the 1st quarter worth about $149,000. Finally, ORG Wealth Partners LLC purchased a new position in Osisko Development during the 4th quarter valued at about $189,000. 15.16% of the stock is owned by institutional investors.

Osisko Development Stock Performance

Shares of NYSE ODV traded up $0.02 during trading on Friday, reaching $1.63. 128,597 shares of the stock traded hands, compared to its average volume of 242,233. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.43. The stock has a market capitalization of $221.99 million, a P/E ratio of -0.90 and a beta of 0.52. Osisko Development has a 52-week low of $1.16 and a 52-week high of $2.75. The company has a 50-day moving average of $1.50 and a 200-day moving average of $1.63.

Osisko Development (NYSE:ODV - Get Free Report) last released its quarterly earnings data on Friday, March 28th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $0.40 million for the quarter, compared to analysts' expectations of $0.40 million. Osisko Development had a negative net margin of 1,817.64% and a negative return on equity of 11.51%. Analysts forecast that Osisko Development will post -0.16 EPS for the current fiscal year.

Osisko Development Company Profile

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.