Galiano Gold Inc. (NYSEAMERICAN:GAU) Short Interest Update

Galiano Gold Inc. (NYSEAMERICAN:GAU) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,160,000 shares, a growth of 13.7% from the December 15th total of 1,020,000 shares. Based on an average daily volume of 651,800 shares, the short-interest ratio is presently 1.8 days. Approximately 0.6% of the company’s shares are short sold.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN GAU opened at $1.09 on Friday. The company has a market capitalization of $280.22 million, a PE ratio of -54.50 and a beta of 1.06. Galiano Gold has a 52-week low of $0.80 and a 52-week high of $2.00.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. HC Wainwright reissued a “buy” rating and set a $3.10 price objective (down previously from $4.60) on shares of Galiano Gold in a research note on Thursday. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP raised its holdings in shares of Galiano Gold by 208.8% during the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock valued at $2,577,000 after purchasing an additional 1,013,141 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Galiano Gold by 141.7% during the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after purchasing an additional 31,757 shares during the last quarter. Sapient Capital LLC raised its holdings in shares of Galiano Gold by 6.7% during the third quarter. Sapient Capital LLC now owns 247,694 shares of the company’s stock valued at $354,000 after purchasing an additional 15,450 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Galiano Gold by 33.3% during the third quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock valued at $33,911,000 after purchasing an additional 5,961,685 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Galiano Gold by 43.3% during the third quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock valued at $9,733,000 after purchasing an additional 2,070,000 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

About Galiano Gold

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.