Entree Gold Inc (OTCMKTS:ERLFF) Sees Large Decrease in Short Interest

Key Points

• Short interest in Entree Gold Inc decreased by 22.6% in August, dropping from 103,200 shares to 79,900 shares.
• The company's stock opened at $1.65 but is currently down by 1.4%, with a market cap of $342.71 million.
• Entree Gold reported a quarterly earnings loss of ($0.03) per share on August 14th.

Entree Gold Inc (OTCMKTS:ERLFF - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 79,900 shares, a decrease of 22.6% from the August 15th total of 103,200 shares. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is currently 4.5 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is currently 4.5 days.

Entree Gold Trading Down 0.6%

Shares of OTCMKTS:ERLFF traded down $0.01 during midday trading on Friday, reaching $1.63. 22,763 shares of the company were exchanged, compared to its average volume of 10,852. Entree Gold has a one year low of $1.25 and a one year high of $2.02. The business's fifty day moving average is $1.63 and its two-hundred day moving average is $1.58. The stock has a market cap of $338.55 million, a PE ratio of -18.11 and a beta of 0.70.

Entree Gold (OTCMKTS:ERLFF - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.03) EPS for the quarter.

About Entree Gold

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.