Short Interest in General Moly, Inc. (GMO) Rises By 14.0%
General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 1,092,927 shares, an increase of 14.0% from the January 12th total of 958,653 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average trading volume of 257,655 shares, the days-to-cover ratio is currently 4.2 days.
General Moly (GMO) opened at $0.36 on Wednesday. General Moly has a 52 week low of $0.28 and a 52 week high of $0.72. The stock has a market cap of $41.24, a P/E ratio of -5.14 and a beta of 1.57.
GMO has been the subject of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $0.75 price objective on shares of General Moly in a research note on Tuesday, November 7th. BidaskClub lowered shares of General Moly from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th.
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General Moly Company Profile
General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.
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