Mako Mining Corp. (NASDAQ:MAKO) Sees Large Decline in Short Interest

Mako Mining Corp. (NASDAQ:MAKO) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 15,578 shares, a decrease of 40.4% from the August 31st total of 26,123 shares. Based on an average trading volume of 163,907 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Mako Mining to a “hold” rating in a report on Wednesday, June 17th. Wall Street Zen downgraded shares of Mako Mining from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised shares of Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Mako Mining has a consensus rating of “Moderate Buy”.

Mako Mining Price Performance

Shares of Mako Mining stock opened at $9.49 on Wednesday. The business has a 50-day moving average price of $9.49. Mako Mining has a one year low of $4.96 and a one year high of $11.10. The company has a market capitalization of $831.86 million and a P/E ratio of 23.13.

Mako Mining (NASDAQ:MAKO) last announced its earnings results on Friday, May 15th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $68.59 million for the quarter. Mako Mining had a return on equity of 34.25% and a net margin of 25.11%. On average, equities research analysts predict that Mako Mining will post 0.78 EPS for the current year.

Institutional Trading of Mako Mining

An institutional investor recently raised its position in Mako Mining stock. Public Employees Retirement System of Ohio lifted its stake in Mako Mining Corp. (NASDAQ:MAKO) by 61.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,200 shares of the company’s stock after buying an additional 9,600 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mako Mining were worth $185,000 as of its most recent SEC filing.

About Mako Mining

Mako Mining Corp. is a gold mining and exploration company focused on the acquisition, development and operation of mineral properties in Nicaragua. The company’s principal asset is the San Albino Gold Project in the Nueva Segovia region, a historically productive gold-mining district.

San Albino includes the San Albino and Las Conchitas deposits, where Mako conducts mining, processing and exploration activities. The company’s operations are centered on producing gold and expanding its resource base through exploration and development of nearby mineralized zones.

Mako Mining was formed through the consolidation of assets formerly associated with Marlin Gold Mining.