i-80 Gold Corp. (NYSEAMERICAN:IAUX) Short Interest Update

i-80 Gold Corp. (NYSEAMERICAN:IAUX) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 28,760,000 shares, an increase of 5.5% from the September 15th total of 27,250,000 shares. Approximately 8.1% of the shares of the stock are short sold. Based on an average trading volume of 4,650,000 shares, the days-to-cover ratio is presently 6.2 days.

i-80 Gold Price Performance

NYSEAMERICAN IAUX opened at $1.13 on Friday. i-80 Gold has a fifty-two week low of $0.76 and a fifty-two week high of $1.88. The firm has a market cap of $339.68 million, a price-to-earnings ratio of -4.15 and a beta of 1.43. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 0.19.

i-80 Gold (NYSEAMERICAN:IAUX) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. The firm had revenue of $7.18 million for the quarter. On average, research analysts anticipate that i-80 Gold will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IAUX. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. CIBC decreased their target price on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a research note on Wednesday, July 10th.

Institutional Trading of i-80 Gold

Several hedge funds have recently made changes to their positions in IAUX. Norden Group LLC acquired a new position in shares of i-80 Gold in the 1st quarter valued at $43,000. Catalina Capital Group LLC boosted its stake in i-80 Gold by 265.7% during the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after buying an additional 32,075 shares during the period. Oxbow Advisors LLC purchased a new stake in shares of i-80 Gold in the 1st quarter valued at approximately $127,000. Price T Rowe Associates Inc. MD increased its holdings in i-80 Gold by 28.1% in the 1st 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. Finally, Tidal Investments LLC purchased a new stake in i-80 Gold in the first quarter valued at approximately $10,746,000. Hedge funds and other institutional investors 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.