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

Osisko Development Corp. (NYSE:ODV - Get Free Report) was the target of a significant increase in short interest during 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. Currently, 0.9% of the company's shares are sold short. Based on an average daily trading volume, of 373,400 shares, the short-interest ratio is presently 2.3 days.

Osisko Development Stock Down 6.8 %

Shares of Osisko Development stock traded down $0.12 during trading on Thursday, reaching $1.59. The stock had a trading volume of 262,611 shares, compared to its average volume of 242,314. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $1.49 and a two-hundred day moving average price of $1.64. The company has a market capitalization of $216.52 million, a price-to-earnings ratio of -0.88 and a beta of 0.52. Osisko Development has a 52 week low of $1.16 and a 52 week high of $2.75.

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

Hedge Funds Weigh In On Osisko Development

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Osisko Development during the 3rd quarter worth approximately $60,000. Jane Street Group LLC purchased a new stake in shares of Osisko Development in the 3rd quarter worth $69,000. Focus Partners Advisor Solutions LLC purchased a new stake in Osisko Development in the 4th quarter worth $62,000. U S Global Investors Inc. bought a new stake in Osisko Development in the 1st quarter worth approximately $149,000. Finally, ORG Wealth Partners LLC purchased a new stake in Osisko Development during the 4th quarter valued at $189,000. Institutional investors own 15.16% of the company's stock.

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.