Shorts On Watch: Will Golden Star Resources Limited (NYSEMKT:GSS) Run Out of Steam Soon? Short Interest is Up

November 25, 2016 - By Clifton Ray   ·   0 Comments

Shorts On Watch: Will Golden Star Resources Limited (NYSEMKT:GSS) Run Out of Steam Soon? Short Interest is Up

The stock of Golden Star Resources Limited (NYSEMKT:GSS) registered an increase of 7.6% in short interest. GSS’s total short interest was 10.05M shares in November as published by FINRA. Its up 7.6% from 9.34 million shares, reported previously. With 2.10M shares average volume, it will take short sellers 5 days to cover their GSS’s short positions. The short interest to Golden Star Resources Limited’s float is 3.58%. The stock decreased 2.04% or $0.016 on November 23, hitting $0.764. Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) has risen 7.04% since April 22, 2016 and is uptrending. It has outperformed by 1.63% the S&P500.

Golden Star Resources Ltd. is a gold mining and exploration company. The company has a market cap of $370.41 million. The Company’s divisions include Wassa, Bogoso/Prestea and Other. It currently has negative earnings. The Firm holds interest in the Wassa and Bogoso/Prestea gold mines in Ghana.

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) Ratings Coverage

Out of 3 analysts covering Golden Star Resources Ltd. (NYSEMKT:GSS), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Golden Star Resources Ltd. has been the topic of 3 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) has “Market Perform” rating given on Monday, November 2 by BMO Capital Markets. The rating was downgraded by Canaccord Genuity on Thursday, July 30 to “Hold”. IBC upgraded the shares of GSS in a report on Friday, August 26 to “Sector Perform” rating.

GSS Company Profile

Golden Star Resources Ltd., incorporated on May 15, 1992, is a gold mining and exploration company. The Company’s divisions include Wassa, Bogoso/Prestea and Other. The Firm holds interest in the Wassa and Bogoso/Prestea gold mines in Ghana. The Firm is pursuing brownfield development projects at its Wassa and Prestea mines. The Firm holds interests in gold exploration projects in Ghana and other parts of West Africa. In South America, the Company holds and manages exploration properties in Brazil.

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By Clifton Ray


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