Noteworthy Short Interest Filing: What’s Ahead for Asa Gold and Precious Metals Limited (NYSE:ASA) After More Shorted Shares?

November 24, 2016 - By Darrin Black   ·   0 Comments

Noteworthy Short Interest Filing: What’s Ahead for Asa Gold and Precious Metals Limited (NYSE:ASA) After More Shorted Shares?

The stock of Asa Gold and Precious Metals Limited (NYSE:ASA) registered an increase of 3.24% in short interest. ASA’s total short interest was 121,100 shares in November as published by FINRA. Its up 3.24% from 117,300 shares, reported previously. With 97,000 shares average volume, it will take short sellers 1 days to cover their ASA’s short positions. The short interest to Asa Gold and Precious Metals Limited’s float is 0.63%. The stock decreased 4.29% or $0.48 on November 23, hitting $10.71. About 243,836 shares traded hands or 37.63% up from the average. ASA Gold and Precious Metals Ltd (NYSE:ASA) has declined 11.56% since April 22, 2016 and is downtrending. It has underperformed by 16.97% the S&P500.

ASA Gold and Precious Metals Limited is a Canada closed-end investment company. The company has a market cap of $206.41 million. The Firm invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, such as certificates of deposit therefor, and/or in securities of investment companies, including exchange traded funds, or other securities that seek to replicate the price movement of gold, silver or platinum bullion. It has a 6.18 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.9 in 2016 Q2. Its up 1.45, from 0.45 in 2016Q1. The ratio is positive, as 10 funds sold all ASA Gold and Precious Metals Ltd shares owned while 12 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 4.51 million shares or 26.77% less from 6.16 million shares in 2016Q1.
The California-based Lpl Fincl Limited Co has invested 0% in ASA Gold and Precious Metals Ltd (NYSE:ASA). Moreover, Susquehanna International Gp Ltd Liability Partnership has 0% invested in ASA Gold and Precious Metals Ltd (NYSE:ASA) for 16,398 shares. Pnc Fincl Gp Inc reported 1,344 shares or 0% of all its holdings. Lazard Asset Mgmt Lc has 0.09% invested in the company for 2.70 million shares. Financial Bank Of Montreal Can owns 1,500 shares or 0% of their US portfolio. Peak6 Invests Limited Partnership has invested 0% of its portfolio in ASA Gold and Precious Metals Ltd (NYSE:ASA). Da Davidson And Co holds 750 shares or 0% of its portfolio. Creative Planning holds 0% or 2,458 shares in its portfolio. Blue Bell Private Wealth Mngmt Ltd Liability Com accumulated 0.01% or 486 shares. Ws Lllp has 0.47% invested in the company for 912,296 shares. Smithfield Trust last reported 840 shares in the company. Royal Bancorporation Of Canada last reported 1,063 shares in the company. Morgan Stanley has 61,020 shares for 0% of their US portfolio. Bennicas And Assoc Inc has invested 1.27% of its portfolio in ASA Gold and Precious Metals Ltd (NYSE:ASA). Tru Com Of Vermont last reported 900 shares in the company.

ASA Company Profile

ASA Limited, incorporated on April 29, 2003, is a closed-end management investment company. The Firm invests in the companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals.

More news for ASA Gold and Precious Metals Ltd (NYSE:ASA) were recently published by: Nasdaq.com, which released: “ASA Gold and Precious Metals Limited (ASA) Ex-Dividend Date Scheduled for …” on November 09, 2016. Quotes.Wsj.com‘s article titled: “News ASA Gold & Precious Metals Ltd.ASA” and published on February 11, 2011 is yet another important article.

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By Darrin Black

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