i-80 Gold Corp. (NYSEAMERICAN:IAUX) Sees Large Growth in Short Interest

i-80 Gold Corp. (NYSEAMERICAN:IAUX) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 28,720,000 shares, an increase of 9.8% from the June 30th total of 26,160,000 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average trading volume of 4,040,000 shares, the short-interest ratio is currently 7.1 days.

Analysts Set New Price Targets

Separately, CIBC dropped their price target on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a research report on Wednesday, July 10th.

i-80 Gold Price Performance

NYSEAMERICAN IAUX opened at $1.06 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.17 and a current ratio of 0.30. i-80 Gold has a 52 week low of $0.96 and a 52 week high of $2.15.

i-80 Gold (NYSEAMERICAN:IAUX) last announced its earnings results on Monday, May 13th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $8.41 million for the quarter. i-80 Gold had a negative return on equity of 20.42% and a negative net margin of 115.35%. On average, equities research analysts forecast that i-80 Gold will post 0.05 earnings per share for the current year.

Institutional Trading of i-80 Gold

Hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its stake in i-80 Gold by 8.2% in the fourth quarter. Mackenzie Financial Corp now owns 98,295 shares of the company’s stock worth $173,000 after acquiring an additional 7,469 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in i-80 Gold by 28.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock valued at $78,000 after purchasing an additional 12,737 shares during the last quarter. HTLF Bank raised its holdings in i-80 Gold by 33.3% during the second quarter. HTLF Bank now owns 60,000 shares of the company’s stock worth $65,000 after purchasing an additional 15,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of i-80 Gold during the 4th quarter worth approximately $47,000. Finally, Tower Research Capital LLC TRC grew its position in shares of i-80 Gold by 351.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 36,373 shares of the company’s stock valued at $64,000 after buying an additional 28,314 shares during the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.