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

i-80 Gold Corp. (NYSEAMERICAN:IAUX) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 28,720,000 shares, an increase of 9.8% from the June 30th total of 26,160,000 shares. Based on an average daily trading volume, of 4,040,000 shares, the days-to-cover ratio is currently 7.1 days. Currently, 8.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On i-80 Gold

A number of large investors have recently modified their holdings of IAUX. Bleakley Financial Group LLC lifted its holdings in i-80 Gold by 466.6% in the fourth quarter. Bleakley Financial Group LLC now owns 182,321 shares of the company’s stock valued at $321,000 after acquiring an additional 150,141 shares during the period. Equinox Partners Investment Management LLC lifted its holdings in i-80 Gold by 51.5% in the fourth quarter. Equinox Partners Investment Management LLC now owns 7,739,954 shares of the company’s stock valued at $13,618,000 after acquiring an additional 2,631,954 shares during the period. Simplicity Solutions LLC lifted its holdings in i-80 Gold by 466.6% in the fourth quarter. Simplicity Solutions LLC now owns 182,321 shares of the company’s stock valued at $321,000 after acquiring an additional 150,141 shares during the period. Mackenzie Financial Corp lifted its holdings in i-80 Gold by 8.2% in the fourth quarter. Mackenzie Financial Corp now owns 98,295 shares of the company’s stock valued at $173,000 after acquiring an additional 7,469 shares during the period. Finally, HTLF Bank purchased a new stake in shares of i-80 Gold in the fourth quarter valued at approximately $79,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CIBC lowered their target price on i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating for the company in a research report on Wednesday, July 10th.

i-80 Gold Stock Down 0.5 %

NYSEAMERICAN:IAUX opened at $1.06 on Thursday. i-80 Gold has a twelve month low of $0.96 and a twelve month high of $2.15. 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 announced its quarterly earnings results on Monday, May 13th. The company reported ($0.07) EPS for the quarter. The firm 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%. Research analysts predict that i-80 Gold will post 0.05 earnings per share for the current fiscal year.

i-80 Gold Company Profile

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.