TRX Gold Co. (NYSEAMERICAN:TRX) Stock Short Interest Report for September

TRX Gold Co. (NYSEAMERICAN:TRX) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 4,291,996 shares, a growth of 104.1% from the September 15th total of 2,103,394 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 4,440,197 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On TRX Gold

A number of institutional investors have recently bought and sold shares of TRX. Hsbc Holdings PLC acquired a new position in TRX Gold during the first quarter worth approximately $25,000. Cooper Haims Advisors LLC acquired a new position in shares of TRX Gold in the 2nd quarter valued at $45,000. Avior Wealth Management LLC acquired a new position in shares of TRX Gold in the 2nd quarter valued at $53,000. Bank of America Corp DE purchased a new stake in shares of TRX Gold during the 2nd quarter valued at $56,000. Finally, Cibc World Market Inc. purchased a new stake in shares of TRX Gold during the 2nd quarter valued at $59,000. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

TRX Gold Stock Performance

NYSEAMERICAN TRX opened at $1.05 on Wednesday. TRX Gold has a 12 month low of $0.54 and a 12 month high of $2.80. The company has a 50-day moving average of $1.17 and a 200-day moving average of $1.10. The company has a quick ratio of 1.45, a current ratio of 2.20 and a debt-to-equity ratio of 0.03.

About TRX Gold

TRX Gold Corporation is a Canadian-based gold exploration, development and production company focused on the Buckreef Gold Project in north-central Tanzania. The company’s common shares trade on the NYSE American under the symbol TRX and on the Toronto Stock Exchange under the symbol TNX.

Buckreef Gold is the company’s principal asset and includes open-pit mining and ore-processing operations, along with significant exploration and development potential. TRX Gold produces gold doré and continues to invest in expanding processing capacity, improving operations and evaluating additional mineral resources across the project area.

The Buckreef project is operated through a joint venture with Tanzania’s State Mining Corporation, giving TRX Gold a long-term operating presence in Tanzania.