Seabridge Gold Inc. (NYSE:SA) Short Interest Down 25.5% in November

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,190,000 shares, a decrease of 25.5% from the November 15th total of 2,940,000 shares. Based on an average daily trading volume, of 525,700 shares, the days-to-cover ratio is currently 4.2 days. Currently, 2.9% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a research note on Monday, August 19th.

Seabridge Gold Stock Down 2.3 %

SA stock traded down $0.31 during trading on Friday, hitting $13.39. 359,378 shares of the company’s stock traded hands, compared to its average volume of 513,949. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.22 billion, a P/E ratio of -54.80 and a beta of 1.07. The business has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $15.96. Seabridge Gold has a 1 year low of $9.31 and a 1 year high of $20.55.

Institutional Trading of Seabridge Gold

A number of institutional investors have recently bought and sold shares of the stock. Ontario Teachers Pension Plan Board grew its stake in shares of Seabridge Gold by 20.7% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company’s stock worth $14,493,000 after purchasing an additional 148,088 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Seabridge Gold in the third quarter valued at approximately $596,000. Toronto Dominion Bank purchased a new position in Seabridge Gold during the second quarter worth about $13,720,000. Marshall Wace LLP purchased a new stake in Seabridge Gold in the second quarter valued at $311,000. Finally, Van ECK Associates Corp lifted its position in Seabridge Gold by 1.0% in the second quarter. Van ECK Associates Corp now owns 3,717,871 shares of the basic materials company’s stock valued at $50,898,000 after buying an additional 37,403 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.