Short Interest in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Expands By 263.9%

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,141,652 shares, a growth of 263.9% from the January 15th total of 313,767 shares. Based on an average trading volume of 794,730 shares, the days-to-cover ratio is currently 1.4 days. Currently, 6.2% of the shares of the stock are short sold. Currently, 6.2% of the shares of the stock are short sold. Based on an average trading volume of 794,730 shares, the days-to-cover ratio is currently 1.4 days.

Caledonia Mining Trading Up 2.7%

Shares of CMCL stock traded up $0.79 on Wednesday, reaching $30.39. 298,922 shares of the stock were exchanged, compared to its average volume of 604,576. The firm has a 50 day moving average of $27.66 and a two-hundred day moving average of $28.57. Caledonia Mining has a 1-year low of $9.79 and a 1-year high of $38.75. The company has a quick ratio of 1.20, a current ratio of 1.78 and a debt-to-equity ratio of 0.02. The stock has a market cap of $584.10 million, a P/E ratio of 11.78 and a beta of 0.49.

Institutional Investors Weigh In On Caledonia Mining

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in Caledonia Mining in the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC increased its holdings in Caledonia Mining by 6,486.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $37,000 after purchasing an additional 1,881 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Caledonia Mining by 65.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $38,000 after purchasing an additional 411 shares in the last quarter. Quarry LP bought a new position in Caledonia Mining during the 3rd quarter valued at $50,000. Finally, Optimum Investment Advisors bought a new position in shares of Caledonia Mining during the third quarter worth about $54,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Company Profile

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.