Short Interest in Almaden Minerals Ltd. (NYSEAMERICAN:AAU) Expands By 1.9%

Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 2,083,364 shares, a growth of 1.9% from the April 30th total of 2,045,250 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 149,838 shares, the short-interest ratio is currently 13.9 days.

Almaden Minerals remained flat at $$0.74 during trading hours on Friday, Marketbeat Ratings reports. 96,089 shares of the company’s stock were exchanged, compared to its average volume of 170,930. Almaden Minerals has a 12-month low of $0.70 and a 12-month high of $1.40.

Almaden Minerals (NYSEAMERICAN:AAU) (TSE:AMM) last posted its quarterly earnings results on Thursday, May 10th. The basic materials company reported ($0.01) earnings per share for the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the company. Stansberry Asset Management LLC acquired a new stake in shares of Almaden Minerals in the 4th quarter valued at approximately $226,000. Ninepoint Partners LP bought a new position in Almaden Minerals during the 4th quarter worth approximately $1,444,000. Deutsche Bank AG raised its holdings in Almaden Minerals by 253.8% during the 4th quarter. Deutsche Bank AG now owns 267,856 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 192,156 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Almaden Minerals by 835.3% during the 4th quarter. Renaissance Technologies LLC now owns 195,475 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 174,575 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings in Almaden Minerals by 2.9% during the 4th quarter. Tocqueville Asset Management L.P. now owns 5,607,319 shares of the basic materials company’s stock worth $5,679,000 after purchasing an additional 159,170 shares during the last quarter.

Almaden Minerals Company Profile

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Ixtaca project located in Puebla State, Mexico.

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