Banro Co. (NYSEAMERICAN:BAA) Short Interest Up 148.4% in December

Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,427,094 shares, an increase of 148.4% from the November 30th total of 574,594 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 3,940,657 shares, the short-interest ratio is presently 0.4 days.

A hedge fund recently bought a new stake in Banro stock. Guardian Capital LP acquired a new stake in Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 445,713 shares of the mining company’s stock, valued at approximately $316,000. Guardian Capital LP owned 0.41% of Banro at the end of the most recent quarter.

Shares of Banro (NYSEAMERICAN BAA) opened at $0.11 on Friday. Banro has a 12 month low of $0.10 and a 12 month high of $2.10. The firm has a market capitalization of $13.14, a P/E ratio of -0.12 and a beta of 1.46.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at

About Banro

Banro Corp (Banro) is a Canada-based gold mining company. The Company, through its subsidiaries, holds interest in a number of gold properties, including Twangiza, Namoya, Lugushwa and Kamituga. The Company is focused on production from the Twangiza gold mine in the Democratic Republic of the Congo (DRC).

Receive News & Ratings for Banro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banro and related companies with's FREE daily email newsletter.

Leave a Reply