Short Interest in Gold Resource Corp (GORO) Declines By 8.0%

Gold Resource Corp (NYSEAMERICAN:GORO) was the target of a large decline in short interest in the month of March. As of March 29th, there was short interest totalling 1,643,397 shares, a decline of 8.0% from the March 15th total of 1,786,492 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average trading volume of 239,795 shares, the short-interest ratio is currently 6.9 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of GORO. Engineers Gate Manager LP purchased a new stake in shares of Gold Resource during the 4th quarter worth approximately $155,000. The Manufacturers Life Insurance Company lifted its position in shares of Gold Resource by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 42,408 shares of the basic materials company’s stock worth $172,000 after buying an additional 3,612 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Gold Resource by 65.5% during the 3rd quarter. Wells Fargo & Company MN now owns 57,674 shares of the basic materials company’s stock worth $217,000 after buying an additional 22,821 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Gold Resource during the 4th quarter worth approximately $346,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Gold Resource during the 4th quarter worth approximately $398,000.

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NYSEAMERICAN GORO opened at $4.70 on Wednesday. Gold Resource has a 52 week low of $3.08 and a 52 week high of $5.05.

The company also recently declared a monthly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Wednesday, April 11th will be issued a dividend of $0.0017 per share. This represents a $0.02 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, April 10th.

Separately, TheStreet upgraded shares of Gold Resource from a “c+” rating to a “b-” rating in a report on Tuesday, April 3rd.

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Gold Resource Company Profile

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the El Aguila project comprising 19 mining concessions aggregating approximately 30,215 hectares located in the State of Oaxaca.

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