Asanko Gold Inc (NYSEAMERICAN:AKG) Sees Significant Growth in Short Interest
Asanko Gold Inc (NYSEAMERICAN:AKG) (TSE:AKG) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 256,200 shares, a growth of 7.8% from the January 15th total of 237,600 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 360,800 shares, the short-interest ratio is currently 0.7 days.
Several equities analysts have issued reports on AKG shares. HC Wainwright reiterated a “buy” rating and set a $2.20 target price on shares of Asanko Gold in a research report on Friday, November 8th. Zacks Investment Research upgraded Asanko Gold from a “sell” rating to a “hold” rating in a research report on Friday, January 10th.
A number of hedge funds have recently bought and sold shares of AKG. Banque Cantonale Vaudoise purchased a new position in shares of Asanko Gold during the 4th quarter worth $47,000. Jane Street Group LLC lifted its stake in shares of Asanko Gold by 178.7% during the 2nd quarter. Jane Street Group LLC now owns 145,122 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 93,051 shares during the period. Millennium Management LLC lifted its stake in shares of Asanko Gold by 5,886.6% during the 3rd quarter. Millennium Management LLC now owns 598,662 shares of the basic materials company’s stock worth $547,000 after purchasing an additional 588,662 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Asanko Gold by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,683,546 shares of the basic materials company’s stock worth $5,399,000 after purchasing an additional 112,734 shares during the period. Finally, Ruffer LLP lifted its stake in shares of Asanko Gold by 4.9% during the 4th quarter. Ruffer LLP now owns 21,818,789 shares of the basic materials company’s stock worth $20,447,000 after purchasing an additional 1,021,600 shares during the period.
About Asanko Gold
Asanko Gold Inc engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa.
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