Gold Resource Co. (NYSEAMERICAN:GORO) Short Interest Down 3.8% in February

Gold Resource Co. (NYSEAMERICAN:GORO) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,774,796 shares, a decrease of 3.8% from the February 15th total of 1,845,730 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 294,162 shares, the days-to-cover ratio is presently 6.0 days.

Hedge funds have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its stake in shares of Gold Resource by 44.9% during the 2nd quarter. Voya Investment Management LLC now owns 24,632 shares of the basic materials company’s stock valued at $100,000 after buying an additional 7,632 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Gold Resource during the 4th quarter valued at approximately $155,000. The Manufacturers Life Insurance Company lifted its stake in shares of Gold Resource by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 42,408 shares of the basic materials company’s stock valued at $172,000 after buying an additional 3,612 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Gold Resource by 65.5% during the 3rd quarter. Wells Fargo & Company MN now owns 57,674 shares of the basic materials company’s stock valued at $217,000 after buying an additional 22,821 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of Gold Resource during the 2nd quarter valued at approximately $257,000.

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Shares of GORO stock traded up $0.03 during trading on Monday, reaching $4.51. 190,200 shares of the company’s stock traded hands, compared to its average volume of 339,936. Gold Resource has a 1 year low of $3.08 and a 1 year high of $5.05.

The firm also recently declared a monthly dividend, which will be paid on Monday, April 23rd. Investors of record on Wednesday, April 11th will be paid a dividend of $0.0017 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Tuesday, April 10th.

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About Gold Resource

Gold Resource Corporation is a mining company. The Company is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project within its Oaxaca Mining Unit located in the southern state of Oaxaca, Mexico. The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.

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