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

Osisko Development Corp. (NYSE:ODV - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 523,200 shares, a growth of 79.5% from the April 30th total of 291,500 shares. Based on an average daily trading volume, of 483,400 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the company's stock are sold short.

Osisko Development Stock Up 6.2%

Osisko Development stock traded up $0.12 during midday trading on Monday, hitting $1.97. 282,193 shares of the stock were exchanged, compared to its average volume of 365,332. Osisko Development has a 52-week low of $1.16 and a 52-week high of $2.75. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 0.01. The business's 50-day moving average price is $1.70 and its 200-day moving average price is $1.62. The stock has a market capitalization of $268.53 million, a price-to-earnings ratio of -1.09 and a beta of 0.47.

Osisko Development (NYSE:ODV - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter. Osisko Development had a negative net margin of 1,817.64% and a negative return on equity of 11.51%. On average, research analysts expect that Osisko Development will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Osisko Development

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Anson Funds Management LP purchased a new stake in Osisko Development in the 4th quarter worth approximately $4,667,000. GMT Capital Corp purchased a new stake in shares of Osisko Development in the first quarter worth $1,213,000. Vestcor Inc purchased a new stake in shares of Osisko Development in the first quarter worth $1,118,000. Sprott Inc. boosted its stake in Osisko Development by 84.9% during the fourth quarter. Sprott Inc. now owns 1,466,468 shares of the company's stock valued at $2,388,000 after buying an additional 673,523 shares during the period. Finally, Amitell Capital Pte Ltd purchased a new position in Osisko Development during the fourth quarter worth about $944,000. 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.