OceanaGold Co. (OTCMKTS:OCANF) Short Interest Down 26.8% in February

OceanaGold Co. (OTCMKTS:OCANF) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,816,800 shares, a drop of 26.8% from the February 13th total of 2,481,900 shares. Based on an average daily volume of 119,200 shares, the days-to-cover ratio is presently 15.2 days.

Analyst Ratings Changes

A number of research analysts have weighed in on OCANF shares. Raymond James reiterated an “outperform” rating on shares of OceanaGold in a research note on Tuesday, February 4th. TD Securities started coverage on OceanaGold in a research note on Tuesday, February 4th. They issued a “buy” rating on the stock.

OceanaGold Stock Up 1.8 %

Shares of OTCMKTS OCANF traded up $0.05 during trading on Friday, reaching $2.85. 7,158 shares of the stock traded hands, compared to its average volume of 52,290. OceanaGold has a 52-week low of $1.96 and a 52-week high of $3.35. The company has a 50-day moving average of $2.89 and a 200-day moving average of $2.87.

OceanaGold Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 5th.

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.