Short Interest in Goldfield Corp (GV) Drops By 7.5%

Goldfield Corp (NYSEAMERICAN:GV) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 348,894 shares, a drop of 7.5% from the February 28th total of 377,223 shares. Based on an average daily volume of 122,701 shares, the short-interest ratio is presently 2.8 days. Currently, 1.5% of the shares of the stock are sold short.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN purchased a new position in Goldfield during the fourth quarter worth approximately $104,000. Millennium Management LLC purchased a new position in Goldfield during the fourth quarter worth approximately $178,000. Royce & Associates LP purchased a new position in Goldfield during the fourth quarter worth approximately $3,266,000. Thomson Horstmann & Bryant Inc. lifted its position in Goldfield by 23.6% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 1,224,825 shares of the company’s stock worth $6,001,000 after buying an additional 233,687 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Goldfield by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,630,275 shares of the company’s stock worth $10,271,000 after buying an additional 100,054 shares in the last quarter.

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GV stock opened at $3.95 on Tuesday. The firm has a market capitalization of $129.85, a P/E ratio of 13.17 and a beta of 1.62. Goldfield has a 1 year low of $3.90 and a 1 year high of $6.38.

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About Goldfield

The Goldfield Corporation (Goldfield) is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The Company serves customers in the Southeast and mid-Atlantic regions of the United States, including Texas. It operates through electrical construction segment.

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