OceanaGold Co. (OTCMKTS:OCANF) Sees Significant Growth in Short Interest

OceanaGold Co. (OTCMKTS:OCANF) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 3,193,300 shares, a growth of 26.6% from the May 15th total of 2,523,300 shares. Based on an average daily trading volume, of 249,000 shares, the short-interest ratio is presently 12.8 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on OCANF. National Bankshares reiterated an “outperform” rating on shares of OceanaGold in a research note on Wednesday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of OceanaGold in a research note on Monday, June 2nd.

OceanaGold Price Performance

Shares of OceanaGold stock opened at $5.01 on Thursday. The business has a 50 day simple moving average of $4.15 and a two-hundred day simple moving average of $3.37. OceanaGold has a 12 month low of $2.09 and a 12 month high of $5.24.

OceanaGold Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 22nd will be issued a $0.01 dividend. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 1%.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.