Short Interest in Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF) Drops By 33.7%

Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 823,000 shares, a drop of 33.7% from the October 15th total of 1,240,500 shares. Based on an average daily volume of 353,700 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of Wesdome Gold Mines in a report on Friday, October 18th.

Wesdome Gold Mines Stock Performance

OTCMKTS WDOFF traded down $0.12 during trading hours on Friday, hitting $7.86. The company had a trading volume of 139,084 shares, compared to its average volume of 158,308. The business has a 50 day moving average of $9.18 and a 200-day moving average of $8.95. Wesdome Gold Mines has a 1-year low of $5.20 and a 1-year high of $10.66.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.