Osisko Development Corp. (NYSE:ODV) Short Interest Update

Osisko Development Corp. (NYSE:ODV - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 320,400 shares, a decrease of 67.2% from the March 15th total of 977,400 shares. Based on an average daily volume of 313,700 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company's stock are short sold.

Osisko Development Stock Down 3.2 %

ODV stock traded down $0.06 during mid-day trading on Friday, hitting $1.67. 371,949 shares of the company were exchanged, compared to its average volume of 231,058. The firm has a market cap of $227.47 million, a P/E ratio of -0.92 and a beta of 0.52. Osisko Development has a 1-year low of $1.16 and a 1-year high of $2.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.43 and a current ratio of 0.47. The firm's 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.66.

Osisko Development (NYSE:ODV - Get Free Report) last announced its earnings results on Friday, March 28th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Osisko Development had a negative return on equity of 11.51% and a negative net margin of 1,817.64%. The company had revenue of $0.40 million during the quarter, compared to analyst estimates of $0.40 million. On average, sell-side analysts predict that Osisko Development will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Osisko Development

Several institutional investors have recently bought and sold shares of the company. Anson Funds Management LP bought a new position in shares of Osisko Development during the 4th quarter worth approximately $4,667,000. Sprott Inc. grew its position in Osisko Development by 84.9% in the fourth quarter. Sprott Inc. now owns 1,466,468 shares of the company's stock valued at $2,388,000 after purchasing an additional 673,523 shares in the last quarter. Amitell Capital Pte Ltd acquired a new stake in Osisko Development in the 4th quarter valued at $944,000. Bastion Asset Management Inc. bought a new stake in Osisko Development during the 4th quarter worth about $326,000. Finally, WCG Wealth Advisors LLC acquired a new position in shares of Osisko Development during the 4th quarter worth about $201,000. Institutional investors own 15.16% of the company's stock.

About Osisko Development

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.