Comstock Mining Inc (LODE) Sees Significant Increase in Short Interest
Comstock Mining Inc (NYSE:LODE) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,116,773 shares, a growth of 39.0% from the September 15th total of 803,406 shares. Based on an average daily volume of 249,861 shares, the short-interest ratio is currently 4.5 days. Currently, 0.9% of the company’s shares are sold short.
Comstock Mining (NYSE:LODE) opened at 0.325 on Friday. Comstock Mining has a one year low of $0.32 and a one year high of $0.64. The firm’s market cap is $59.57 million. The company’s 50-day moving average is $0.36 and its 200 day moving average is $0.39.
Separately, Zacks Investment Research downgraded shares of Comstock Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.
Comstock Mining Company Profile
Comstock Mining Inc is a gold and silver mining company. The Company holds properties in the Comstock and Silver City mining districts (collectively, the Comstock District). The Company’s segments include mining and real estate. The mining segment consists of the Company’s activities and expenditures associated with mining.
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