Galiano Gold Inc. (NYSEAMERICAN:GAU) Short Interest Up 10.2% in August

Galiano Gold Inc. (NYSEAMERICAN:GAU - Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 681,900 shares, a growth of 10.2% from the August 15th total of 618,600 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 999,500 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Galiano Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. Equinox Partners Investment Management LLC raised its position in Galiano Gold by 1.9% during the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company's stock valued at $50,300,000 after purchasing an additional 662,500 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in Galiano Gold by 5.6% in the second quarter. Donald Smith & CO. Inc. now owns 17,919,638 shares of the company's stock valued at $30,822,000 after buying an additional 947,328 shares in the last quarter. Van ECK Associates Corp bought a new position in Galiano Gold in the second quarter valued at about $8,219,000. Marshall Wace LLP lifted its holdings in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company's stock worth $2,577,000 after acquiring an additional 1,013,141 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Galiano Gold by 186.2% in the 2nd quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock valued at $1,613,000 after purchasing an additional 614,316 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on Galiano Gold from $4.40 to $4.20 and set a "buy" rating on the stock in a research report on Monday, August 12th.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN:GAU traded down $0.03 during midday trading on Wednesday, reaching $1.47. The company had a trading volume of 602,364 shares, compared to its average volume of 1,030,607. The company has a market cap of $376.39 million, a P/E ratio of 29.19 and a beta of 1.13. Galiano Gold has a 1-year low of $0.52 and a 1-year high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). The business had revenue of $63.00 million for the quarter. As a group, equities analysts predict that Galiano Gold will post 0.17 earnings per share for the current fiscal year.

Galiano Gold Company Profile

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.