Alio Gold Inc (NYSEAMERICAN:ALO) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 273,687 shares, an increase of 77.9% from the January 31st total of 153,812 shares. Based on an average trading volume of 164,446 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.7% of the shares of the company are sold short.
Shares of Alio Gold (NYSEAMERICAN:ALO) traded down $0.07 during trading hours on Tuesday, hitting $2.53. The company had a trading volume of 155,864 shares, compared to its average volume of 146,338. The company has a market cap of $117.95, a P/E ratio of 8.67 and a beta of -0.84. Alio Gold has a 52 week low of $2.47 and a 52 week high of $6.06.
Alio Gold (NYSEAMERICAN:ALO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02). The company had revenue of $20.59 million during the quarter.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in Alio Gold in the 2nd quarter worth approximately $125,000. Scotia Capital Inc. lifted its holdings in Alio Gold by 129.2% in the 4th quarter. Scotia Capital Inc. now owns 30,693 shares of the company’s stock worth $113,000 after purchasing an additional 17,300 shares in the last quarter. Geode Capital Management LLC purchased a new position in Alio Gold in the 4th quarter worth approximately $121,000. FMR LLC purchased a new position in Alio Gold in the 2nd quarter worth approximately $168,000. Finally, CIBC World Markets Inc. lifted its holdings in Alio Gold by 81.8% in the 4th quarter. CIBC World Markets Inc. now owns 38,000 shares of the company’s stock worth $139,000 after purchasing an additional 17,100 shares in the last quarter.
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About Alio Gold
Alio Gold Inc, formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.
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