Short Interest in Golden Minerals Co (NYSEAMERICAN:AUMN) Drops By 5.0%

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Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,071,900 shares, a decrease of 5.0% from the July 31st total of 2,181,800 shares. Based on an average daily volume of 426,700 shares, the short-interest ratio is currently 4.9 days. Approximately 3.3% of the shares of the stock are sold short.

Separately, HC Wainwright restated a “buy” rating and set a $0.70 target price on shares of Golden Minerals in a report on Thursday.

Shares of AUMN stock opened at $0.25 on Monday. Golden Minerals has a 52 week low of $0.19 and a 52 week high of $0.38.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.03) EPS for the quarter.

An institutional investor recently raised its position in Golden Minerals stock. ETF Managers Group LLC raised its stake in Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 27.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 420,584 shares of the basic materials company’s stock after buying an additional 91,109 shares during the quarter. ETF Managers Group LLC owned 0.44% of Golden Minerals worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

About Golden Minerals

Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the VelardeƱa and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.

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