General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 832,500 shares, a decrease of 23.8% from the January 31st total of 1,092,927 shares. Based on an average trading volume of 183,630 shares, the short-interest ratio is presently 4.5 days. Approximately 1.2% of the shares of the company are sold short.
Several equities analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $0.75 target price on shares of General Moly in a research note on Monday, January 22nd. BidaskClub cut shares of General Moly from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th.
An institutional investor recently raised its position in General Moly stock. Deutsche Bank AG grew its holdings in shares of General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) by 84.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 373,000 shares of the basic materials company’s stock after purchasing an additional 170,867 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of General Moly worth $122,000 as of its most recent filing with the Securities & Exchange Commission.
General Moly Company Profile
General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.
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