Lundin Gold Inc. (OTCMKTS:LUGDF) Sees Large Increase in Short Interest

Lundin Gold Inc. (OTCMKTS:LUGDF) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 2,188,200 shares, an increase of 18.6% from the December 31st total of 1,845,200 shares. Based on an average daily volume of 24,900 shares, the days-to-cover ratio is presently 87.9 days.

Lundin Gold Trading Down 1.5 %

Shares of LUGDF stock traded down C$0.38 during mid-day trading on Monday, reaching C$24.77. The stock had a trading volume of 12,125 shares, compared to its average volume of 12,776. Lundin Gold has a 12-month low of C$10.49 and a 12-month high of C$29.11. The business has a 50-day simple moving average of C$23.00 and a 200 day simple moving average of C$21.69.

Lundin Gold Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.1991 per share. This represents a yield of 3.45%. The ex-dividend date of this dividend was Thursday, December 5th.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.