ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Up 76.9% in May

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 17,287 shares, a growth of 76.9% from the April 30th total of 9,772 shares. Based on an average trading volume of 70,219 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASA. WHI TRUST Co LLC purchased a new stake in ASA Gold and Precious Metals during the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of ASA Gold and Precious Metals during the 1st quarter worth approximately $31,000. Group One Trading LLC purchased a new position in shares of ASA Gold and Precious Metals during the 1st quarter worth approximately $50,000. Kestra Advisory Services LLC purchased a new position in shares of ASA Gold and Precious Metals during the 4th quarter worth approximately $58,000. Finally, Advisory Services Network LLC purchased a new stake in ASA Gold and Precious Metals during the third quarter worth about $55,000.

ASA Gold and Precious Metals Stock Performance

ASA traded up $0.97 during trading on Tuesday, reaching $63.51. 94,824 shares of the company were exchanged, compared to its average volume of 99,326. The company’s 50-day moving average is $64.14 and its two-hundred day moving average is $63.48. ASA Gold and Precious Metals has a 12-month low of $30.35 and a 12-month high of $83.20.

ASA Gold and Precious Metals Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, May 1st were given a $0.04 dividend. This represents a yield of 13.0%. The ex-dividend date of this dividend was Friday, May 1st.

ASA Gold and Precious Metals Company Profile

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.