Almaden Minerals Ltd. (NYSEAMERICAN:AAU) Sees Large Decline in Short Interest

Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,872,440 shares, a decrease of 1.6% from the August 15th total of 1,902,030 shares. Based on an average daily trading volume, of 141,053 shares, the short-interest ratio is presently 13.3 days.

Shares of Almaden Minerals stock traded up $0.01 during trading on Friday, reaching $0.60. The company’s stock had a trading volume of 102,783 shares, compared to its average volume of 153,954. Almaden Minerals has a 52-week low of $0.55 and a 52-week high of $1.23.

Almaden Minerals (NYSEAMERICAN:AAU) (TSE:AMM) last announced its quarterly earnings data on Thursday, August 9th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

An institutional investor recently raised its position in Almaden Minerals stock. Deutsche Bank AG grew its stake in Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) by 253.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,856 shares of the basic materials company’s stock after purchasing an additional 192,156 shares during the quarter. Deutsche Bank AG owned about 0.26% of Almaden Minerals worth $275,000 at the end of the most recent quarter.

Almaden Minerals Company Profile

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Ixtaca project located in Puebla State, Mexico.

See Also: Book Value Per Share – BVPS

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