Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Sees Significant Decline in Short Interest

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 282,600 shares, a decrease of 5.9% from the October 15th total of 300,400 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 49,600 shares, the short-interest ratio is currently 5.7 days.

Caledonia Mining Price Performance

Shares of CMCL opened at $11.71 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 0.71. Caledonia Mining has a 1-year low of $9.48 and a 1-year high of $17.58. The firm has a market capitalization of $150.24 million, a P/E ratio of -14.82 and a beta of 0.75.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its earnings results on Tuesday, November 14th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $41.19 million during the quarter. Caledonia Mining had a positive return on equity of 6.29% and a negative net margin of 6.39%.

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Thursday, October 12th. Caledonia Mining’s dividend payout ratio is currently -70.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Caledonia Mining by 148.4% during the second quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $30,000 after buying an additional 1,555 shares during the period. UBS Group AG lifted its position in Caledonia Mining by 87.8% during the 1st quarter. UBS Group AG now owns 2,888 shares of the company’s stock worth $44,000 after acquiring an additional 1,350 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Caledonia Mining in the 3rd quarter valued at approximately $50,000. LSV Asset Management acquired a new position in shares of Caledonia Mining in the first quarter valued at approximately $57,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Caledonia Mining during the second quarter worth approximately $63,000. 20.13% of the stock is owned by hedge funds and other institutional investors.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interest in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; Bilboes, gold deposit located to the north of Bulawayo, Zimbabwe; and Motapa, a gold exploration property located in Southern Zimbabwe.