Comstock Mining Incorporated (NYSEAMERICAN:LODE)’s Trend Unknown, Especially After Increased Shorts

December 9, 2017 - By Adrian Mccoy

 Comstock Mining Incorporated (NYSEAMERICAN:LODE)’s Trend Unknown, Especially After Increased Shorts

Investors sentiment decreased to 0.78 in Q2 2017. Its down 0.62, from 1.4 in 2017Q1. It fall, as 7 investors sold Comstock Mining Inc. shares while 2 reduced holdings. 4 funds opened positions while 3 raised stakes. 53.07 million shares or 1.60% less from 53.93 million shares in 2017Q1 were reported.
U S Glob Investors owns 7.29M shares for 0.46% of their portfolio. California Public Employees Retirement Systems has invested 0% in Comstock Mining Inc. (NYSEAMERICAN:LODE). Two Sigma Lc has invested 0% of its portfolio in Comstock Mining Inc. (NYSEAMERICAN:LODE). 625 were reported by Benjamin F Edwards And Co Inc. Goldman Sachs Group Inc Incorporated reported 24,970 shares. State Bank Of America De reported 5,290 shares. Advisory Svcs Ntwk has invested 0% in Comstock Mining Inc. (NYSEAMERICAN:LODE). 26,530 were accumulated by Financial Bank Of New York Mellon Corp. Blackrock Inc has invested 0% in Comstock Mining Inc. (NYSEAMERICAN:LODE). Northern Tru Corporation owns 79,973 shares or 0% of their US portfolio. Deutsche Bancshares Ag accumulated 1 shares or 0% of the stock. Creative Planning accumulated 0% or 40,000 shares. Regions Financial reported 12,000 shares. Vanguard owns 2.24 million shares for 0% of their portfolio. Sun Valley Gold Limited Liability Co holds 0.05% or 8.26M shares.

The stock of Comstock Mining Incorporated (NYSEAMERICAN:LODE) registered an increase of 57.22% in short interest. LODE’s total short interest was 5.50 million shares in December as published by FINRA. Its up 57.22% from 3.50 million shares, reported previously. With 2.97M shares average volume, it will take short sellers 2 days to cover their LODE’s short positions. The short interest to Comstock Mining Incorporated’s float is 3.99%.

The stock decreased 1.75% or $0.0063 during the last trading session, reaching $0.3537. About 298,833 shares traded. Comstock Mining Inc. (NYSEAMERICAN:LODE) has declined 53.34% since December 9, 2016 and is downtrending. It has underperformed by 70.04% the S&P500.

Comstock Mining Inc. operates as a gold and silver mining firm in Nevada. The company has market cap of $16.02 million. The firm operates in two divisions, Mining and Real Estate. It currently has negative earnings. The Mining segment owns and controls approximately 8,631 acres, including approximately 2,266 acres of patented claims and surface parcels; and approximately 6,365 acres of unpatented mining claims in the Comstock and Silver City Districts.

More important recent Comstock Mining Inc. (NYSEAMERICAN:LODE) news were published by: Globenewswire.com which released: “Comstock Mining Announces Notice of Third Quarter 2017 Results and Business …” on October 24, 2017, also Seekingalpha.com published article titled: “Comstock Mining: Poised To Pop”, Globenewswire.com published: “Comstock Mining To Attend AEMA Mining Conference; Reaffirms NYSE listing” on December 04, 2017. More interesting news about Comstock Mining Inc. (NYSEAMERICAN:LODE) was released by: Globenewswire.com and their article: “Comstock Mining Announces Third Quarter 2017 Results; Announces Strategic …” with publication date: October 31, 2017.

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