Gold Resource Co. (NYSEAMERICAN:GORO) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,541,495 shares, a growth of 8.6% from the October 13th total of 1,419,223 shares. Based on an average daily volume of 297,854 shares, the days-to-cover ratio is currently 5.2 days. Approximately 2.8% of the company’s shares are sold short.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seizert Capital Partners LLC boosted its stake in Gold Resource by 0.3% in the second quarter. Seizert Capital Partners LLC now owns 72,053 shares of the basic materials company’s stock valued at $294,000 after acquiring an additional 187 shares in the last quarter. American International Group Inc. boosted its stake in Gold Resource by 7.1% in the first quarter. American International Group Inc. now owns 30,798 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 2,040 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Gold Resource by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 42,408 shares of the basic materials company’s stock valued at $172,000 after acquiring an additional 3,612 shares in the last quarter. M&T Bank Corp boosted its stake in Gold Resource by 19.8% in the second quarter. M&T Bank Corp now owns 30,275 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in Gold Resource by 44.9% in the second quarter. Voya Investment Management LLC now owns 24,632 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 7,632 shares in the last quarter.

Gold Resource (NYSEAMERICAN GORO) opened at $3.95 on Friday. Gold Resource has a 1 year low of $3.08 and a 1 year high of $6.27.

Gold Resource (NYSEAMERICAN:GORO) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.08 EPS for the quarter. The business had revenue of $31.12 million for the quarter. Gold Resource had a net margin of 14.72% and a return on equity of 15.94%.

The business also recently announced a monthly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be given a dividend of $0.0017 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, November 10th. Gold Resource’s dividend payout ratio (DPR) is presently 18.18%.

TRADEMARK VIOLATION WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/11/18/gold-resource-co-goro-short-interest-up-8-6-in-october.html.

About Gold Resource

Gold Resource Corporation is a mining company. The Company is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project within its Oaxaca Mining Unit located in the southern state of Oaxaca, Mexico. The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.

Receive News & Stock Ratings for Gold Resource Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Resource Co. and related stocks with our FREE daily email newsletter.