Short Interest Reporting: What’s Next for Dgse Common Incorporated (NYSEMKT:DGSE) After Having More Shares Shorted?

December 1, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Reporting: What's Next for Dgse Common Incorporated (NYSEMKT:DGSE) After Having More Shares Shorted?

The stock of Dgse Common Incorporated (NYSEMKT:DGSE) registered an increase of 11.8% in short interest. DGSE’s total short interest was 50,200 shares in December as published by FINRA. Its up 11.8% from 44,900 shares, reported previously. With 14,300 shares average volume, it will take short sellers 4 days to cover their DGSE’s short positions. The short interest to Dgse Common Incorporated’s float is 0.81%. The stock last traded at $0.95 per share. It is down 75.93% since April 28, 2016 and is uptrending. It has outperformed by 70.00% the S&P500.

DGSE Companies, Inc. buys and sells jewelry, diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum and palladium, as well as collectibles and other valuables. The company has a market cap of $12.29 million. The Company’s activities are organized into approximately two primary types of customers, retail clients and wholesale customers. It currently has negative earnings. The Company’s services and products are marketed through approximately eight retail locations.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 2.00, from 3 in 2016Q1. The ratio dived, as 0 funds sold all DGSE Companies, Inc. shares owned while 1 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 89,535 shares or 33.47% more from 67,083 shares in 2016Q1.
Bancshares Of America Corp De accumulated 0% or 3 shares. Renaissance Technologies Lc has 0% invested in the company for 33,600 shares. Citadel Advisors Limited Liability Corporation reported 23,284 shares or 0% of all its holdings. Moreover, Guggenheim Capital Ltd Llc has 0% invested in DGSE Companies, Inc. (NYSEMKT:DGSE) for 19,685 shares. Goldman Sachs Grp Inc holds 0% or 12,963 shares in its portfolio.

DGSE Company Profile

DGSE Companies, Inc. (DGSE), incorporated on October 17, 1965, buys and sells jewelry, diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum and palladium, as well as collectibles and other valuables. The Company’s activities are organized into approximately two primary types of customers, retail clients and wholesale customers. The Company’s services and products are marketed through approximately eight retail locations in Illinois, South Carolina and Texas. The Company’s retail locations operate under a range of banners, including Charleston Gold & Diamond Exchange, Chicago Gold & Diamond Exchange and Dallas Gold & Silver Exchange, and are supported by Websites at www.CGDEinc.com and www.DGSE.com. The Company’s Fairchild International (Fairchild) division is a dealer of pre-owned fine watches. Fairchild supplies over 1,100 regional jewelry stores across the country, with pre-owned Rolexes and aftermarket Rolex accessories, such as bands, bezels and dials. A dealer-only online catalog of Fairchild’s fine watch inventory can be found at its Website at www.Fairchildwatches.com. The Company’s clients include individual consumers, dealers and institutions throughout the United States.

More notable recent DGSE Companies, Inc. (NYSEMKT:DGSE) news were published by: Businesswire.com which released: “DGSE Companies, Inc. Reports Third Quarter 2016 Results” on November 14, 2016, also Businesswire.com with their article: “DGSE Companies, Inc. to Report 2016 Third Quarter Results on November 14, 2016” published on November 09, 2016, Businesswire.com published: “DGSE Companies, Inc. Enters into Agreement with Elemetal and NTR Metals” on June 21, 2016. More interesting news about DGSE Companies, Inc. (NYSEMKT:DGSE) were released by: Businesswire.com and their article: “DGSE Companies, Inc. Reports Second Quarter 2016 Results” published on August 15, 2016 as well as Bizjournals.com‘s news article titled: “DGSE Companies names Matthew M. Peakes as CEO” with publication date: September 14, 2015.

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By Ellis Scott

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