Golden Star Resources Ltd. (GSS) Short Interest Up 1.7% in December
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 17,538,983 shares, a growth of 1.7% from the November 30th total of 17,244,489 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,187,978 shares, the days-to-cover ratio is presently 14.8 days.
GSS has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Golden Star Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. Scotiabank set a $0.95 target price on shares of Golden Star Resources and gave the stock a “sector perform” rating in a report on Wednesday, November 15th. Desjardins initiated coverage on shares of Golden Star Resources in a report on Friday, September 29th. They set a “buy” rating on the stock. Finally, HC Wainwright initiated coverage on shares of Golden Star Resources in a report on Wednesday, November 29th. They set a “buy” rating and a $1.40 target price on the stock.
Golden Star Resources (NYSEAMERICAN:GSS) traded up $0.01 during trading on Wednesday, reaching $0.89. 1,444,758 shares of the company were exchanged, compared to its average volume of 1,918,669. The company has a market cap of $444.46, a price-to-earnings ratio of 12.71 and a beta of -0.84. Golden Star Resources has a twelve month low of $0.59 and a twelve month high of $1.01.
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About Golden Star Resources
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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