Short Interest in Seabridge Gold Inc. (NYSE:SA) Declines By 25.5%

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,190,000 shares, a decrease of 25.5% from the November 15th total of 2,940,000 shares. Based on an average daily trading volume, of 525,700 shares, the short-interest ratio is presently 4.2 days. Currently, 2.9% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Seabridge Gold to a "sell" rating in a research report on Monday, August 19th.

Institutional Trading of Seabridge Gold

A number of large investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in shares of Seabridge Gold by 0.7% in the third quarter. Van ECK Associates Corp now owns 3,743,332 shares of the basic materials company's stock valued at $62,851,000 after purchasing an additional 25,461 shares during the period. Tidal Investments LLC grew its position in shares of Seabridge Gold by 26.1% during the 3rd quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company's stock worth $46,468,000 after buying an additional 573,400 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Seabridge Gold by 0.4% during the 3rd quarter. Toronto Dominion Bank now owns 1,005,928 shares of the basic materials company's stock worth $16,890,000 after buying an additional 3,734 shares in the last quarter. Raymond James & Associates increased its stake in shares of Seabridge Gold by 0.4% during the third quarter. Raymond James & Associates now owns 866,186 shares of the basic materials company's stock valued at $14,543,000 after buying an additional 3,464 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its holdings in shares of Seabridge Gold by 20.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company's stock valued at $14,493,000 after acquiring an additional 148,088 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Trading Down 2.3 %

SA traded down $0.31 during trading hours on Friday, reaching $13.39. 487,126 shares of the company's stock traded hands, compared to its average volume of 514,520. The firm has a 50-day moving average price of $16.05 and a 200 day moving average price of $15.96. The firm has a market capitalization of $1.22 billion, a PE ratio of -53.56 and a beta of 1.07. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. Seabridge Gold has a 52-week low of $9.31 and a 52-week high of $20.55.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.