Golden Star Resources Ltd. (NYSEAMERICAN:GSS) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 5,998,500 shares, a decline of 12.4% from the June 30th total of 6,851,400 shares. Approximately 7.9% of the company’s stock are sold short. Based on an average trading volume of 769,600 shares, the short-interest ratio is presently 7.8 days.
GSS opened at $2.86 on Friday. Golden Star Resources has a 1-year low of $2.43 and a 1-year high of $4.97.
Golden Star Resources (NYSEAMERICAN:GSS) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $61.92 million for the quarter.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in Golden Star Resources during the fourth quarter worth $37,000. Sigma Planning Corp acquired a new position in Golden Star Resources during the first quarter worth $88,000. Commerzbank Aktiengesellschaft FI acquired a new position in Golden Star Resources during the second quarter worth $114,000. BNP Paribas Arbitrage SA acquired a new position in Golden Star Resources during the second quarter worth $149,000. Finally, Bank of America Corp DE raised its holdings in Golden Star Resources by 1,688.3% during the fourth quarter. Bank of America Corp DE now owns 55,884 shares of the company’s stock worth $176,000 after buying an additional 52,759 shares during the last quarter.
About Golden Star Resources
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant located to the northeast of the town of Tarkwa, Ghana; and Bogoso gold mining and processing operation, Prestea open-pit mining operations, and the Prestea underground development project located near the town of Prestea, Ghana.
Recommended Story: The Structure of a Futures Contract
Receive News & Ratings for Golden Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.