What Next for Almaden Minerals Limited (NYSEAMERICAN:AAU) Stock After Decrease in Shorted Shares?

December 20, 2017 - By Richard Conner

 What Next for Almaden Minerals Limited (NYSEAMERICAN:AAU) Stock After Decrease in Shorted Shares?

The stock of Almaden Minerals Limited (NYSEAMERICAN:AAU) registered a decrease of 1.17% in short interest. AAU’s total short interest was 2.11M shares in December as published by FINRA. Its down 1.17% from 2.13M shares, reported previously. With 248,600 shares average volume, it will take short sellers 9 days to cover their AAU’s short positions. The short interest to Almaden Minerals Limited’s float is 2.68%.

The stock increased 0.63% or $0.01 during the last trading session, reaching $0.96. About 245,037 shares traded. Almaden Minerals Ltd. (NYSEAMERICAN:AAU) has risen 17.27% since December 20, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company has market cap of $99.57 million. The firm primarily explores for gold, silver, and copper deposits. It currently has negative earnings. The Company’s principal property includes the Ixtaca project located in Puebla State, Mexico.

More important recent Almaden Minerals Ltd. (NYSEAMERICAN:AAU) news were published by: Globenewswire.com which released: “Denver Gold Forum 2017 Concludes With Record Activity” on September 29, 2017, also Marketwatch.com published article titled: “Almaden Minerals Ltd.”, Seekingalpha.com published: “The 20 Best Risk/Reward High Return Gold & Silver Mining Stocks.” on January 05, 2016. More interesting news about Almaden Minerals Ltd. (NYSEAMERICAN:AAU) was released by: Marketwatch.com and their article: “Northern Dynasty Minerals Ltd.” with publication date: December 29, 2009.

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