Short Interest in Golden Minerals Co (AUMN) Drops By 18.9%

Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,862,239 shares, a decline of 18.9% from the October 15th total of 3,529,663 shares. Based on an average trading volume of 224,966 shares, the short-interest ratio is presently 12.7 days. Currently, 5.4% of the company’s shares are short sold.

NYSEAMERICAN AUMN opened at $0.23 on Friday. Golden Minerals has a 52 week low of $0.19 and a 52 week high of $0.49.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.02 EPS for the quarter. The company had revenue of $1.90 million for the quarter.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Golden Minerals from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. HC Wainwright set a $1.00 price target on Golden Minerals and gave the stock a “buy” rating in a report on Monday, August 13th.

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Golden Minerals Company Profile

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 Velardeña 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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