Short Interest in Jaguar Mining Inc. (OTCMKTS:JAGGF) Drops By 15.9%

Key Points

• Short interest fell 15.9% to 578,113 shares as of Feb. 27 (from 687,644 on Feb. 12), equal to about 0.7% of shares and a days-to-cover ratio of 3.1 based on average daily volume of 184,848 shares.
• Shares were trading down 9.6%, opening at $5.74; the company has a market cap of $489.4 million, a negative P/E of -30.21, and 50-/200-day SMAs of $6.11 and $5.08 respectively.
• Jaguar Mining is a Canada-based junior gold producer operating three underground mines — Turmalina, Caeté and Pilar — focused on building a mid-tier producer in Brazil’s Iron Quadrangle.

Jaguar Mining Inc. (OTCMKTS:JAGGF - Get Free Report) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 578,113 shares, a drop of 15.9% from the February 12th total of 687,644 shares. Based on an average daily volume of 184,848 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.7% of the company's stock are sold short. Approximately 0.7% of the company's stock are sold short. Based on an average daily volume of 184,848 shares, the days-to-cover ratio is currently 3.1 days.

Jaguar Mining Trading Down 9.6%

Jaguar Mining stock opened at $5.74 on Monday. The stock has a market cap of $489.39 million, a P/E ratio of -30.21 and a beta of 0.90. The company has a fifty day simple moving average of $6.11 and a 200-day simple moving average of $5.08. Jaguar Mining has a 12-month low of $1.63 and a 12-month high of $7.05.

About Jaguar Mining

Jaguar Mining OTCMKTS: JAGGF is a Canada-based junior gold producer, development and exploration company with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company is listed on the TSX Venture Exchange and trades in the United States on the OTCQX Best Market. Jaguar’s principal objective is to build a mid-tier gold producer through the optimization of its existing asset base and the continued exploration of its extensive land package in a historically gold-rich district.

Jaguar Mining’s core operations comprise three underground gold mines—Turmalina, Caeté and Pilar—each supported by on-site milling and processing facilities employing carbon-in-leach (CIL) technology.

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