i-80 Gold Corp. (NYSEAMERICAN:IAUX) Short Interest Update

i-80 Gold Corp. (NYSEAMERICAN:IAUX) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 25,750,000 shares, a decline of 5.2% from the May 31st total of 27,170,000 shares. Based on an average daily trading volume, of 4,540,000 shares, the short-interest ratio is presently 5.7 days. Approximately 7.4% of the shares of the stock are short sold.

i-80 Gold Price Performance

Shares of NYSEAMERICAN IAUX opened at $1.07 on Thursday. The stock has a market cap of $321.64 million, a P/E ratio of -4.65 and a beta of 1.42. i-80 Gold has a 1-year low of $0.96 and a 1-year high of $2.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.17 and a current ratio of 0.30.

i-80 Gold (NYSEAMERICAN:IAUX) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.07) EPS for the quarter. The business had revenue of $8.41 million for the quarter. i-80 Gold had a negative net margin of 115.35% and a negative return on equity of 20.42%. Equities research analysts expect that i-80 Gold will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, CIBC reduced their target price on i-80 Gold from $5.00 to $4.25 and set an “outperformer” rating on the stock in a research note on Tuesday, April 9th.

Hedge Funds Weigh In On i-80 Gold

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealthsource Partners LLC purchased a new stake in i-80 Gold during the fourth quarter valued at about $40,000. Norden Group LLC bought a new stake in shares of i-80 Gold in the 1st quarter valued at about $43,000. Vanguard Personalized Indexing Management LLC purchased a new stake in i-80 Gold during the 4th quarter valued at about $47,000. Catalina Capital Group LLC grew its position in i-80 Gold by 265.7% during the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after acquiring an additional 32,075 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in i-80 Gold by 351.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 36,373 shares of the company’s stock worth $64,000 after purchasing an additional 28,314 shares during the period. Institutional investors own 61.31% of the company’s stock.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.