Mako Mining Corp. (NASDAQ:MAKO) Sees Significant Decrease in Short Interest

Mako Mining Corp. (NASDAQ:MAKO) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 26,123 shares, a decline of 63.7% from the August 15th total of 72,006 shares. Based on an average daily volume of 199,663 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Mako Mining

An institutional investor recently raised its position in Mako Mining stock. Public Employees Retirement System of Ohio lifted its position in shares of Mako Mining Corp. (NASDAQ:MAKO) by 61.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,200 shares of the company’s stock after buying an additional 9,600 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mako Mining were worth $185,000 at the end of the most recent quarter.

Mako Mining Trading Down 0.2%

MAKO traded down $0.02 during midday trading on Monday, reaching $10.06. The company had a trading volume of 255,202 shares, compared to its average volume of 143,868. The company’s 50-day moving average price is $8.88. Mako Mining has a 1 year low of $4.80 and a 1 year high of $11.10. The firm has a market capitalization of $881.36 million and a P/E ratio of 24.54.

Mako Mining (NASDAQ:MAKO) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.26 earnings per share for the quarter. Mako Mining had a return on equity of 34.25% and a net margin of 25.11%.The firm had revenue of $68.59 million for the quarter. Research analysts forecast that Mako Mining will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAKO. Zacks Research raised Mako Mining to a “hold” rating in a report on Wednesday, June 17th. Wall Street Zen cut Mako Mining from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Mako Mining Company Profile

Mako Mining Corp. is a gold mining and exploration company focused on the acquisition, development and operation of mineral properties in Nicaragua. The company’s principal asset is the San Albino Gold Project in the Nueva Segovia region, a historically productive gold-mining district.

San Albino includes the San Albino and Las Conchitas deposits, where Mako conducts mining, processing and exploration activities. The company’s operations are centered on producing gold and expanding its resource base through exploration and development of nearby mineralized zones.

Mako Mining was formed through the consolidation of assets formerly associated with Marlin Gold Mining.