ASA Gold and Precious Metals Limited (NYSE:ASA) Stock Short Interest Report for October

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 4,603 shares, a drop of 80.6% from the October 15th total of 23,721 shares. Based on an average daily trading volume, of 35,268 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised ASA Gold and Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Group One Trading LLC purchased a new stake in ASA Gold and Precious Metals in the 1st quarter valued at approximately $50,000. Trust Co. of Vermont purchased a new position in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $47,000. Sanctuary Advisors LLC acquired a new stake in shares of ASA Gold and Precious Metals in the 1st quarter valued at approximately $201,000. Lido Advisors LLC acquired a new stake in shares of ASA Gold and Precious Metals in the 1st quarter valued at approximately $204,000. Finally, Tidal Investments LLC purchased a new stake in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $310,000.

ASA Gold and Precious Metals Stock Performance

ASA traded down $1.91 during trading on Thursday, hitting $49.09. The stock had a trading volume of 26,363 shares, compared to its average volume of 81,569. ASA Gold and Precious Metals has a twelve month low of $45.79 and a twelve month high of $83.20. The company’s 50-day moving average price is $55.04 and its 200 day moving average price is $60.53.

ASA Gold and Precious Metals Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, November 12th. Stockholders of record on Thursday, November 5th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a dividend yield of 20.0%.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a closed-end investment company focused on the precious-metals and minerals sector. Rather than operating mines itself, it invests primarily in the securities of companies involved in exploring for, mining, or processing gold, silver, platinum, and other precious metals and minerals. The company’s investments span businesses with operations in multiple regions, giving shareholders exposure to the global precious-metals industry through a managed portfolio.