Galiano Gold Inc. (NYSEAMERICAN:GAU) Short Interest Update

Galiano Gold Inc. (NYSEAMERICAN:GAU - Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 1,160,000 shares, a growth of 13.7% from the December 31st total of 1,020,000 shares. Based on an average daily volume of 651,800 shares, the short-interest ratio is currently 1.8 days. Approximately 0.6% of the shares of the stock are short sold.

Galiano Gold Stock Performance

Shares of GAU stock traded down $0.03 during trading hours on Thursday, reaching $1.19. The company's stock had a trading volume of 793,426 shares, compared to its average volume of 865,968. The firm has a market cap of $305.93 million, a P/E ratio of -59.50 and a beta of 1.05. Galiano Gold has a one year low of $0.81 and a one year high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $71.13 million during the quarter. As a group, equities analysts predict that Galiano Gold will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Eight Capital upgraded Galiano Gold to a "strong-buy" rating in a research note on Tuesday, November 19th. BMO Capital Markets lowered Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, HC Wainwright lowered their target price on shares of Galiano Gold from $3.10 to $2.80 and set a "buy" rating on the stock in a research note on Wednesday, January 29th.

Institutional Investors Weigh In On Galiano Gold

Hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its holdings in Galiano Gold by 33.3% in the third quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company's stock worth $33,911,000 after purchasing an additional 5,961,685 shares during the period. Van ECK Associates Corp grew its stake in shares of Galiano Gold by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company's stock worth $9,733,000 after buying an additional 2,070,000 shares during the last quarter. Marshall Wace LLP increased its position in Galiano Gold by 208.8% during the 2nd quarter. Marshall Wace LLP now owns 1,498,359 shares of the company's stock valued at $2,577,000 after buying an additional 1,013,141 shares in the last quarter. De Lisle Partners LLP increased its position in Galiano Gold by 14.0% during the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company's stock valued at $1,154,000 after buying an additional 100,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Galiano Gold in the third quarter worth $639,000. 66.82% of the stock is currently owned by institutional investors.

About Galiano Gold

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.