Auryn Resources Inc (AUG) Sees Large Drop in Short Interest

Auryn Resources Inc (NYSEAMERICAN:AUG) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 295,620 shares, a drop of 25.2% from the April 15th total of 395,166 shares. Based on an average daily volume of 167,427 shares, the days-to-cover ratio is presently 1.8 days.

AUG has been the topic of a number of recent analyst reports. Roth Capital reissued a “buy” rating on shares of Auryn Resources in a research report on Wednesday, February 20th. Zacks Investment Research lowered shares of Auryn Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, HC Wainwright reissued a “buy” rating and issued a $1.60 price target on shares of Auryn Resources in a research report on Thursday, February 14th.

Several large investors have recently added to or reduced their stakes in AUG. Renaissance Technologies LLC bought a new position in shares of Auryn Resources in the first quarter valued at approximately $218,000. Deutsche Bank AG increased its position in Auryn Resources by 31,403.8% during the fourth quarter. Deutsche Bank AG now owns 41,900 shares of the company’s stock worth $38,000 after acquiring an additional 41,767 shares during the period. Finally, Ingalls & Snyder LLC increased its position in Auryn Resources by 0.4% during the first quarter. Ingalls & Snyder LLC now owns 3,610,000 shares of the company’s stock worth $5,328,000 after acquiring an additional 15,000 shares during the period.

NYSEAMERICAN:AUG opened at $1.48 on Friday. Auryn Resources has a 12 month low of $0.85 and a 12 month high of $1.75.

Auryn Resources (NYSEAMERICAN:AUG) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.02) EPS for the quarter.

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Auryn Resources Company Profile

Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.

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