Short Interest in Almaden Minerals Ltd. (NYSEAMERICAN:AAU) Declines By 25.2%

Almaden Minerals Ltd. (NYSEAMERICAN:AAUGet Rating) (TSE:AMM) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 392,500 shares, a drop of 25.2% from the March 31st total of 525,000 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is currently 0.3 days.

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new position in Almaden Minerals during the 4th quarter worth approximately $142,000. Virtu Financial LLC purchased a new position in Almaden Minerals during the 4th quarter worth approximately $87,000. Millennium Management LLC grew its stake in Almaden Minerals by 74.0% during the 2nd quarter. Millennium Management LLC now owns 89,017 shares of the basic materials company’s stock worth $45,000 after buying an additional 37,847 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in Almaden Minerals by 67.1% during the 3rd quarter. Citadel Advisors LLC now owns 64,821 shares of the basic materials company’s stock worth $26,000 after buying an additional 26,024 shares during the last quarter. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Shares of NYSEAMERICAN AAU opened at $0.30 on Monday. The company has a quick ratio of 24.27, a current ratio of 24.27 and a debt-to-equity ratio of 0.04. Almaden Minerals has a fifty-two week low of $0.27 and a fifty-two week high of $0.60. The firm has a market cap of $41.17 million, a price-to-earnings ratio of -9.87 and a beta of 0.92. The stock’s 50-day simple moving average is $0.35.

Separately, StockNews.com started coverage on Almaden Minerals in a research report on Friday. They set a “sell” rating on the stock.

Almaden Minerals Company Profile (Get Rating)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Tuligtic Property/Ixtaca Project that covers an area of approximately 7,200 hectares located in Puebla State, Mexico.

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