Golden Star Resources (GSS) Sees Significant Growth in Short Interest

Golden Star Resources (NYSEAMERICAN:GSS) was the recipient of a large increase in short interest during the month of April. As of April 13th, there was short interest totalling 12,675,671 shares, an increase of 1.9% from the March 30th total of 12,439,555 shares. Based on an average daily volume of 1,664,659 shares, the days-to-cover ratio is presently 7.6 days. Currently, 3.4% of the shares of the company are sold short.

Hedge funds have recently made changes to their positions in the company. Creative Planning raised its stake in shares of Golden Star Resources by 15.7% in the 4th quarter. Creative Planning now owns 515,398 shares of the company’s stock valued at $459,000 after buying an additional 70,000 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Golden Star Resources by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock worth $267,000 after purchasing an additional 150,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Golden Star Resources during the 4th quarter worth about $137,000. Renaissance Technologies LLC increased its position in shares of Golden Star Resources by 10.3% during the 4th quarter. Renaissance Technologies LLC now owns 10,999,088 shares of the company’s stock worth $9,789,000 after purchasing an additional 1,030,400 shares in the last quarter. Finally, Alps Advisors Inc. increased its position in shares of Golden Star Resources by 163.7% during the 4th quarter. Alps Advisors Inc. now owns 2,284,295 shares of the company’s stock worth $2,033,000 after purchasing an additional 1,417,971 shares in the last quarter.

Shares of GSS stock opened at $0.72 on Thursday. Golden Star Resources has a 52-week low of $0.56 and a 52-week high of $0.92.



Golden Star Resources (NYSEAMERICAN:GSS) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%. The company had revenue of $81.85 million during the quarter.

Several research firms recently commented on GSS. Scotiabank set a $0.95 target price on shares of Golden Star Resources and gave the company a “sector perform” rating in a research note on Friday, April 13th. HC Wainwright set a $1.00 target price on shares of Golden Star Resources and gave the company a “buy” rating in a research note on Thursday, February 15th. Credit Suisse Group upgraded shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a research note on Friday, January 26th. BMO Capital Markets upgraded shares of Golden Star Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, April 16th. Finally, Zacks Investment Research cut shares of Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $0.98.

TRADEMARK VIOLATION NOTICE: This news story was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://stocknewstimes.com/2018/04/26/golden-star-resources-gss-sees-significant-growth-in-short-interest.html.

Golden Star Resources Company Profile

Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant located to the northeast of the town of Tarkwa, Ghana; and Bogoso gold mining and processing operation, Prestea open-pit mining operations, and the Prestea underground development project located near the town of Prestea, Ghana.

Receive News & Ratings for Golden Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply