Follow The Short Interest: Could Banro Corporation (NYSEMKT:BAA) Change Direction After More Shorts?

November 25, 2016 - By Adrian Mccoy   ·   0 Comments

Follow The Short Interest: Could Banro Corporation (NYSEMKT:BAA) Change Direction After More Shorts?

The stock of Banro Corporation (NYSEMKT:BAA) registered an increase of 66.69% in short interest. BAA’s total short interest was 220,200 shares in November as published by FINRA. Its up 66.69% from 132,100 shares, reported previously. With 653,200 shares average volume, it will take short sellers 0 days to cover their BAA’s short positions. The short interest to Banro Corporation’s float is 0.09%. The stock closed at $0.193 during the last session. It is down 38.71% since April 22, 2016 and is downtrending. It has underperformed by 44.12% the S&P500.

Banro Corporation is a gold mining company. The company has a market cap of $55.50 million. The Company, through its subsidiaries, holds interest in various gold properties, including Twangiza, Namoya, Lugushwa and Kamituga. It currently has negative earnings. The Firm is focused on production from the Twangiza gold mine in the Democratic Republic of the Congo (DRC).

More news for Banro Corporation (USA) (NYSEMKT:BAA) were recently published by: Seekingalpha.com, which released: “Banro Corp.’s Future Looks Gloomy” on May 18, 2016. Seekingalpha.com‘s article titled: “When Things Go Wrong – Banro Corp. Case Study” and published on January 06, 2016 is yet another important article.

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By Adrian Mccoy


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