Goldfield Corp (NYSEAMERICAN:GV) Short Interest Update

Goldfield Corp (NYSEAMERICAN:GV) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 377,223 shares, a drop of 9.8% from the February 15th total of 418,290 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 110,137 shares, the days-to-cover ratio is currently 3.4 days.

GV stock traded up $0.15 during midday trading on Monday, hitting $3.85. The stock had a trading volume of 96,500 shares, compared to its average volume of 180,746. Goldfield has a 52-week low of $3.60 and a 52-week high of $6.38.

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In other news, insider John H. Sottile bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 26th. The stock was bought at an average price of $3.69 per share, for a total transaction of $55,350.00. Following the transaction, the insider now directly owns 1,921,534 shares of the company’s stock, valued at approximately $7,090,460.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds have recently modified their holdings of GV. Thomson Horstmann & Bryant Inc. lifted its holdings in shares of Goldfield by 23.6% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 1,224,825 shares of the company’s stock valued at $6,001,000 after purchasing an additional 233,687 shares in the last quarter. Royce & Associates LP bought a new position in Goldfield in the fourth quarter valued at about $3,266,000. Dimensional Fund Advisors LP lifted its holdings in Goldfield by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,630,275 shares of the company’s stock valued at $10,271,000 after acquiring an additional 100,054 shares during the period. Millennium Management LLC bought a new position in Goldfield in the fourth quarter valued at about $178,000. Finally, Wells Fargo & Company MN bought a new position in Goldfield in the fourth quarter valued at about $104,000.

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About Goldfield

The Goldfield Corporation (Goldfield) is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The Company serves customers in the Southeast and mid-Atlantic regions of the United States, including Texas. It operates through electrical construction segment.

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