TRX Gold Co. (NYSEAMERICAN:TRX) Shares Shorted: Short Interest Up 104.1% in September

TRX Gold Co. (NYSEAMERICAN:TRX) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 4,291,996 shares, an increase of 104.1% from the September 15th total of 2,103,394 shares. Based on an average daily volume of 4,440,197 shares, the short-interest ratio is presently 1.0 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Investors Weigh In On TRX Gold

Several hedge funds and other institutional investors have recently modified their holdings of TRX. Connor Clark & Lunn Investment Management Ltd. bought a new stake in TRX Gold in the 2nd quarter valued at $2,813,000. Arrowstreet Capital Limited Partnership grew its position in TRX Gold by 128.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock worth $4,039,000 after purchasing an additional 1,524,403 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in TRX Gold in the 1st quarter worth $1,227,000. State of Wyoming bought a new position in shares of TRX Gold during the 1st quarter worth about $177,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of TRX Gold during the 1st quarter worth about $126,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

TRX Gold Stock Performance

Shares of TRX Gold stock traded up $0.06 on Thursday, reaching $1.04. The stock had a trading volume of 1,743,129 shares, compared to its average volume of 4,255,636. The business’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $1.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.20. TRX Gold has a fifty-two week low of $0.54 and a fifty-two week high of $2.80. The stock has a market cap of $343.10 million, a P/E ratio of -17.41 and a beta of 0.48.

TRX Gold Company Profile

TRX Gold Corporation is a Canadian-based gold exploration, development and production company focused on the Buckreef Gold Project in north-central Tanzania. The company’s common shares trade on the NYSE American under the symbol TRX and on the Toronto Stock Exchange under the symbol TNX.

Buckreef Gold is the company’s principal asset and includes open-pit mining and ore-processing operations, along with significant exploration and development potential. TRX Gold produces gold doré and continues to invest in expanding processing capacity, improving operations and evaluating additional mineral resources across the project area.

The Buckreef project is operated through a joint venture with Tanzania’s State Mining Corporation, giving TRX Gold a long-term operating presence in Tanzania.