Alio Gold Inc (NYSE:ALO) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 99,897 shares, a decline of 80.0% from the July 14th total of 498,242 shares. Based on an average daily trading volume, of 100,815 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the company’s shares are sold short.

Alio Gold (NYSE:ALO) opened at 3.9428 on Thursday. The stock has a 50 day moving average of $4.57 and a 200 day moving average of $4.24. Alio Gold has a one year low of $2.70 and a one year high of $6.30. The firm has a market cap of $140.21 million and a price-to-earnings ratio of 2.6932.

A number of institutional investors have recently made changes to their positions in ALO. Acadian Asset Management LLC bought a new stake in Alio Gold during the second quarter worth approximately $1,566,000. American Century Companies Inc. bought a new stake in Alio Gold during the second quarter worth approximately $169,000. Sentry Investments Corp. bought a new stake in Alio Gold during the second quarter worth approximately $6,630,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Alio Gold during the second quarter worth approximately $198,000.

Separately, Zacks Investment Research lowered shares of Alio Gold from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

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About Alio Gold

Alio Gold Inc, formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.

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