Gold Resource Co. (NYSEAMERICAN:GORO) saw a large drop in short interest in April. As of April 30th, there was short interest totalling 2,114,143 shares, a drop of 0.1% from the April 15th total of 2,117,019 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average trading volume of 540,528 shares, the days-to-cover ratio is currently 3.9 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GORO. Chartwell Investment Partners LLC boosted its holdings in shares of Gold Resource by 41.2% during the 4th quarter. Chartwell Investment Partners LLC now owns 3,249,155 shares of the basic materials company’s stock valued at $12,997,000 after acquiring an additional 948,086 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Gold Resource by 69.4% during the 1st quarter. Wells Fargo & Company MN now owns 834,287 shares of the basic materials company’s stock worth $3,279,000 after buying an additional 341,749 shares during the period. Marshall Wace LLP acquired a new position in Gold Resource during the 1st quarter worth about $1,338,000. Morgan Stanley lifted its holdings in Gold Resource by 74.1% during the 1st quarter. Morgan Stanley now owns 656,954 shares of the basic materials company’s stock worth $2,582,000 after buying an additional 279,536 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in Gold Resource by 330.9% during the 1st quarter. Martingale Asset Management L P now owns 342,130 shares of the basic materials company’s stock worth $1,345,000 after buying an additional 262,724 shares during the period.

Separately, HC Wainwright initiated coverage on Gold Resource in a report on Monday, March 25th. They set a “buy” rating and a $7.75 price objective on the stock.

NYSEAMERICAN GORO opened at $2.95 on Thursday. Gold Resource has a twelve month low of $2.86 and a twelve month high of $7.33.

Gold Resource (NYSEAMERICAN:GORO) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.01 earnings per share for the quarter. The firm had revenue of $26.58 million for the quarter.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be issued a dividend of $0.0017 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, May 10th.

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About Gold Resource

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.

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