Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,131,394 shares, a growth of 1.5% from the February 15th total of 2,099,224 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 127,058 shares, the days-to-cover ratio is currently 16.8 days.
Institutional investors have recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. grew its stake in shares of Almaden Minerals by 2.9% during the 4th quarter. Tocqueville Asset Management L.P. now owns 5,607,319 shares of the basic materials company’s stock worth $5,679,000 after acquiring an additional 159,170 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Almaden Minerals by 835.3% in the 4th quarter. Renaissance Technologies LLC now owns 195,475 shares of the basic materials company’s stock valued at $201,000 after buying an additional 174,575 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Almaden Minerals by 253.8% in the 4th quarter. Deutsche Bank AG now owns 267,856 shares of the basic materials company’s stock valued at $275,000 after buying an additional 192,156 shares during the last quarter. Stansberry Asset Management LLC acquired a new stake in shares of Almaden Minerals in the 4th quarter valued at approximately $226,000. Finally, Ninepoint Partners LP acquired a new stake in shares of Almaden Minerals in the 4th quarter valued at approximately $1,444,000.
Almaden Minerals stock traded up $0.04 on Monday, hitting $0.84. The company’s stock had a trading volume of 77,500 shares, compared to its average volume of 195,362. Almaden Minerals has a one year low of $0.71 and a one year high of $1.75.
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About Almaden Minerals
Almaden Minerals Ltd. is exploration- and development-stage company and is engaged in the exploration and development of exploration and evaluation properties in Canada, the United States and Mexico. The Company is engaged in the business of the acquisition of mineral properties. Its principal property interest includes the Tuligtic Property/Project-Mexico.
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