Osisko Development Corp. (NYSE:ODV) Short Interest Down 18.6% in February

Osisko Development Corp. (NYSE:ODV) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 10,060,273 shares, a drop of 18.6% from the January 29th total of 12,363,297 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily volume of 3,442,873 shares, the short-interest ratio is presently 2.9 days. Based on an average daily volume of 3,442,873 shares, the short-interest ratio is presently 2.9 days. Currently, 3.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Osisko Development in a research note on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Osisko Development in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Osisko Development

Institutional investors and hedge funds have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Osisko Development during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Osisko Development in the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC bought a new position in Osisko Development in the 3rd quarter valued at about $32,000. Engineers Gate Manager LP acquired a new stake in Osisko Development during the fourth quarter worth approximately $36,000. Finally, HM Payson & Co. acquired a new stake in Osisko Development during the third quarter worth approximately $42,000. 15.16% of the stock is currently owned by institutional investors and hedge funds.

Osisko Development Stock Performance

NYSE:ODV traded down $0.07 on Wednesday, hitting $4.49. The company’s stock had a trading volume of 2,310,379 shares, compared to its average volume of 2,723,962. Osisko Development has a one year low of $1.28 and a one year high of $4.80. The firm has a market capitalization of $1.34 billion, a P/E ratio of -4.05 and a beta of 0.55. The stock has a fifty day moving average of $3.78 and a two-hundred day moving average of $3.44. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.25.

Osisko Development Company Profile

Osisko Development Corp. is a Canadian mineral exploration and development company focused on advancing a portfolio of high-quality precious and base metal projects in stable jurisdictions. The company’s strategy centers on the acquisition, exploration, and development of gold, zinc and lead deposits that offer the potential for scalable, long-life operations. Headquartered in Montreal, Quebec, Osisko Development operates primarily across Western Canada.

The company’s flagship asset is the Cariboo gold project in central British Columbia, where it is engaged in step-out drilling, resource definition and permitting activities aimed at building a robust mineral inventory.