Osisko Development Corp. (NYSE:ODV) Short Interest Down 65.1% in April

Osisko Development Corp. (NYSE:ODV) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 14,000 shares, a drop of 65.1% from the April 15th total of 40,100 shares. Based on an average trading volume of 103,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Osisko Development Stock Performance

ODV traded up $0.08 on Friday, reaching $1.95. 132,859 shares of the stock were exchanged, compared to its average volume of 95,031. The firm has a market capitalization of $164.09 million, a PE ratio of -1.17 and a beta of 0.65. The company’s 50-day moving average price is $2.19 and its 200 day moving average price is $2.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 1.32. Osisko Development has a fifty-two week low of $1.70 and a fifty-two week high of $5.12.

Osisko Development (NYSE:ODV) last issued its quarterly earnings data on Thursday, March 28th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $5.07 million during the quarter. Osisko Development had a negative return on equity of 6.24% and a negative net margin of 570.64%. As a group, sell-side analysts forecast that Osisko Development will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Osisko Development

A number of large investors have recently bought and sold shares of ODV. Rathbones Group PLC acquired a new position in Osisko Development in the 3rd quarter worth about $55,000. Elevatus Welath Management purchased a new stake in Osisko Development during the 3rd quarter worth approximately $100,000. Modera Wealth Management LLC purchased a new stake in Osisko Development during the 3rd quarter worth approximately $104,000. Equinox Partners Investment Management LLC increased its stake in Osisko Development by 9.1% during the 1st quarter. Equinox Partners Investment Management LLC now owns 1,606,335 shares of the company’s stock worth $3,429,000 after buying an additional 134,400 shares in the last quarter. Finally, Sprott Inc. grew its position in shares of Osisko Development by 83.2% in the third quarter. Sprott Inc. now owns 1,611,615 shares of the company’s stock valued at $4,738,000 after purchasing an additional 731,831 shares in the last quarter. Institutional investors and hedge funds own 15.16% of the company’s stock.

About Osisko Development

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.