Short Interest in Mako Mining Corp. (NASDAQ:MAKO) Declines By 59.5%

Mako Mining Corp. (NASDAQ:MAKO) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 35,219 shares, a decrease of 59.5% from the June 15th total of 86,955 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 156,280 shares, the short-interest ratio is presently 0.2 days.

Mako Mining Trading Down 1.8%

Shares of Mako Mining stock traded down $0.13 on Wednesday, reaching $7.24. 98,247 shares of the company were exchanged, compared to its average volume of 134,053. The stock has a market capitalization of $634.19 million and a price-to-earnings ratio of 27.85. Mako Mining has a 1-year low of $3.62 and a 1-year high of $8.99.

Mako Mining (NASDAQ:MAKO) last released its quarterly earnings data on Friday, May 15th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $68.59 million for the quarter.

Analyst Ratings Changes

MAKO has been the subject of a number of research reports. Wall Street Zen raised shares of Mako Mining to a “strong-buy” rating in a report on Friday, April 17th. Zacks Research raised shares of Mako Mining to a “hold” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings assumed coverage on shares of Mako Mining in a report on Thursday, June 18th. They issued a “buy (b-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Mako Mining presently has an average rating of “Moderate Buy”.

Mako Mining Corp. is a gold mining company focused on the acquisition, exploration, and development of precious metals assets. The company’s work centers on advancing mining projects and operating producing assets, with an emphasis on generating gold from its portfolio of properties.

The company is based in Canada and has operated in Central America, including Nicaragua, where it has developed and worked on mining assets. Mako Mining’s business activities typically include mine development, mineral exploration, and the processing and sale of gold production from its operations.

Mako Mining was formed through the combination of mining assets and management expertise from earlier-stage precious metals ventures.