ASA Gold and Precious Metals Limited (NYSE:ASA) Shares Shorted: Short Interest Up 553.7% in September

ASA Gold and Precious Metals Limited (NYSE:ASA) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 20,127 shares, an increase of 553.7% from the September 15th total of 3,079 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 59,700 shares, the days-to-cover ratio is presently 0.3 days.

ASA Gold and Precious Metals Trading Up 1.0%

Shares of ASA Gold and Precious Metals stock traded up $0.57 on Friday, hitting $56.37. 50,315 shares of the company’s stock were exchanged, compared to its average volume of 52,515. The company has a 50-day simple moving average of $59.04 and a 200-day simple moving average of $59.31. ASA Gold and Precious Metals has a 1 year low of $43.20 and a 1 year high of $83.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of ASA Gold and Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of institutional investors have recently bought and sold shares of ASA. Integrated Wealth Concepts LLC lifted its position in ASA Gold and Precious Metals by 3.8% during the second quarter. Integrated Wealth Concepts LLC now owns 12,143 shares of the investment management company’s stock valued at $632,000 after purchasing an additional 443 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in ASA Gold and Precious Metals in the first quarter worth about $31,000. Group One Trading LLC purchased a new stake in ASA Gold and Precious Metals in the first quarter worth about $50,000. Trust Co. of Vermont purchased a new stake in ASA Gold and Precious Metals in the second quarter worth about $47,000. Finally, Zazove Associates LLC increased its position in ASA Gold and Precious Metals by 3.2% in the first quarter. Zazove Associates LLC now owns 32,655 shares of the investment management company’s stock worth $2,026,000 after buying an additional 1,000 shares in the last quarter.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited (NYSE: ASA) is a closed-end investment company focused on the global precious-metals sector. The fund seeks long-term capital appreciation by investing primarily in companies involved in the exploration, development, and production of gold, silver, platinum-group metals, and other precious metals.

Its portfolio generally consists of publicly traded mining and metals companies, including producers, developers, and exploration companies. ASA may also invest in businesses that provide related exposure to precious-metals prices and the mining industry.