Alio Gold Inc (NYSEAMERICAN:ALO) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,005,789 shares, a decline of 24.3% from the December 14th total of 1,328,989 shares. Based on an average trading volume of 280,480 shares, the short-interest ratio is presently 3.6 days.
Separately, Zacks Investment Research cut shares of Alio Gold from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $2.00.
Several hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its holdings in shares of Alio Gold by 945.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 6,440,309 shares of the company’s stock valued at $5,137,000 after buying an additional 5,824,055 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Alio Gold by 5.7% in the 3rd quarter. Renaissance Technologies LLC now owns 1,520,814 shares of the company’s stock valued at $1,213,000 after buying an additional 82,234 shares during the period. U S Global Investors Inc grew its holdings in shares of Alio Gold by 43.4% in the 3rd quarter. U S Global Investors Inc now owns 1,232,923 shares of the company’s stock valued at $983,000 after buying an additional 372,923 shares during the period. First Manhattan Co. acquired a new position in shares of Alio Gold in the 3rd quarter valued at $677,000. Finally, Citadel Advisors LLC acquired a new position in shares of Alio Gold in the 3rd quarter valued at $189,000.
Alio Gold (NYSEAMERICAN:ALO) last issued its earnings results on Thursday, November 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $27.94 million for the quarter.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/4073358/short-interest-in-alio-gold-inc-alo-declines-by-24-3.html.
About Alio Gold
Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.
Further Reading: Moving Average – How it Helps Investors in Stock Selection
Receive News & Ratings for Alio Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold and related companies with MarketBeat.com's FREE daily email newsletter.