i-80 Gold Corp. (NYSEAMERICAN:IAUX) Short Interest Update

i-80 Gold Corp. (NYSEAMERICAN:IAUX - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 28,760,000 shares, an increase of 5.5% from the September 15th total of 27,250,000 shares. Currently, 8.1% of the company's shares are sold short. Based on an average daily volume of 4,650,000 shares, the days-to-cover ratio is presently 6.2 days.

i-80 Gold Stock Performance

Shares of i-80 Gold stock traded down $0.03 during midday trading on Wednesday, hitting $1.10. The company had a trading volume of 5,045,295 shares, compared to its average volume of 3,856,399. The company has a market capitalization of $329.16 million, a P/E ratio of -4.06 and a beta of 1.43. i-80 Gold has a 52-week low of $0.76 and a 52-week high of $1.88. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 0.19.

i-80 Gold (NYSEAMERICAN:IAUX - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $7.18 million for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. On average, equities research analysts predict that i-80 Gold will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On i-80 Gold

A number of hedge funds have recently bought and sold shares of IAUX. Norden Group LLC purchased a new stake in i-80 Gold during the 1st quarter valued at $43,000. SG Americas Securities LLC lifted its holdings in i-80 Gold by 271.7% in the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company's stock valued at $46,000 after acquiring an additional 31,425 shares during the period. Rathbones Group PLC purchased a new position in i-80 Gold in the second quarter worth about $47,000. Catalina Capital Group LLC grew its stake in shares of i-80 Gold by 265.7% during the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company's stock valued at $59,000 after purchasing an additional 32,075 shares during the period. Finally, HTLF Bank lifted its stake in shares of i-80 Gold by 33.3% in the 2nd quarter. HTLF Bank now owns 60,000 shares of the company's stock worth $65,000 after purchasing an additional 15,000 shares during the period. Hedge funds and other institutional investors own 61.31% of the company's stock.

Analyst Upgrades and Downgrades

IAUX has been the topic of several recent analyst reports. National Bank Financial cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 9th. CIBC dropped their price objective on i-80 Gold from $4.25 to $3.50 and set an "outperformer" rating for the company in a report on Wednesday, July 10th.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.