Short Interest in Auryn Resources Inc (AUG) Rises By 13.3%

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Auryn Resources Inc (NYSEAMERICAN:AUG) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 392,956 shares, a growth of 13.3% from the January 15th total of 346,825 shares. Based on an average daily trading volume, of 110,437 shares, the days-to-cover ratio is presently 3.6 days.

An institutional investor recently raised its position in Auryn Resources stock. U S Global Investors Inc grew its position in shares of Auryn Resources Inc (NYSEAMERICAN:AUG) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,500,000 shares of the company’s stock after purchasing an additional 250,000 shares during the quarter. U S Global Investors Inc owned approximately 1.66% of Auryn Resources worth $1,604,000 as of its most recent filing with the SEC.

Several equities analysts recently commented on the company. HC Wainwright set a $2.00 target price on Auryn Resources and gave the company a “buy” rating in a report on Tuesday, October 16th. Zacks Investment Research raised Auryn Resources from a “strong sell” rating to a “hold” rating in a report on Monday, December 3rd.

NYSEAMERICAN:AUG traded down $0.05 during trading hours on Monday, hitting $1.01. The company’s stock had a trading volume of 94,000 shares, compared to its average volume of 99,896. Auryn Resources has a 52-week low of $0.85 and a 52-week high of $1.60.

Auryn Resources (NYSEAMERICAN:AUG) last posted its earnings results on Thursday, November 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04).

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Auryn Resources Company Profile

Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.

Further Reading: Technical Analysis of Stocks and What It Means

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