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.

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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).

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