Comstock Mining Inc (LODE) Sees Large Decrease in Short Interest
Comstock Mining Inc (NYSE:LODE) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,687,462 shares, a decline of 11.6% from the August 15th total of 3,040,352 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily volume of 2,023,908 shares, the short-interest ratio is presently 1.3 days.
Comstock Mining (NYSE LODE) opened at 0.176 on Friday. The stock’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.19. Comstock Mining has a one year low of $0.13 and a one year high of $0.40. The firm’s market capitalization is $36.96 million.
Comstock Mining (NYSE:LODE) last issued its quarterly earnings data on Tuesday, August 1st. The mining company reported ($0.02) earnings per share for the quarter. Comstock Mining had a negative return on equity of 98.83% and a negative net margin of 10,715.09%. The business had revenue of $0.03 million for the quarter. Analysts expect that Comstock Mining will post ($0.07) EPS for the current year.
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About Comstock Mining
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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