The short-term interest in Almaden Minerals Ltd. (NYSEAMERICAN:AAU) down 41.4%


Almaden Minerals Ltd. (NYSEAMERICAN: AAUGet a rating) (TSE:AMM) was the beneficiary of a sharp decline in short interest in May. As of May 15, there was short interest totaling 326,000 shares, down 41.4% from April 30’s total of 556,700 shares. Based on an average daily volume of 1,110,000 shares, the short interest rate is currently 0.3 day. Approximately 0.3% of the company’s shares are sold short.

Separately, StockNews.com began covering Almaden Minerals stocks in a research report on Friday, April 29. They issued a “sell” rating for the company.

A number of hedge funds have recently changed their AAU holdings. Millennium Management LLC increased its position in Almaden Minerals by 74.0% in the second quarter. Millennium Management LLC now owns 89,017 shares of the basic materials company valued at $45,000 after purchasing an additional 37,847 shares during the period. Citadel Advisors LLC increased its stake in Almaden Minerals shares to 67.1% in the third quarter. Citadel Advisors LLC now owns 64,821 shares of the basic materials company valued at $26,000 after buying an additional 26,024 shares last quarter. Renaissance Technologies LLC acquired a new stake in the shares of Almaden Minerals in the 4th quarter at a value of $142,000. Virtu Financial LLC acquired a new stake in shares of Almaden Minerals in Q4 worth $87,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Almaden Minerals shares by 6.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,644,080 shares of the basic materials company valued at $948,000 after purchasing an additional 152,310 shares last quarter. 2.91% of the shares are held by institutional investors.

UCA Action traded at $0.01 in Friday’s midday session, reaching $0.25. The company’s shares had a trading volume of 332,095 shares, compared to an average volume of 889,891. The company has a quick ratio of 24.27, a current ratio of 24.27 and a leverage ratio of 0, 04. Almaden Minerals has a 52 week low of $0.22 and a 52 week high of $0.57. The company has a market capitalization of $34.31 million, a price-earnings ratio of -8.33 and a beta of 0.92. The company has a 50-day moving average of $0.35.

Almaden Minerals Company Profile (Get a rating)

Almaden Minerals Ltd., an exploration-stage company, is engaged in the acquisition, exploration, evaluation and development of mineral properties. It primarily owns a 100% interest in the Ixtaca gold-silver project located in the state of Puebla, Mexico. The company was incorporated in 1980 and is headquartered in Vancouver, Canada.

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