What’s in Auryn Resources Inchares (NYSEAMERICAN:AUG) After Decline in Shorted Shares?

October 2, 2018 - By Adrian Erickson

The stock of Auryn Resources Inchares (NYSEAMERICAN:AUG) registered a decrease of 4.8% in short interest. AUG’s total short interest was 843,700 shares in October as published by FINRA. Its down 4.8% from 886,200 shares, reported previously. With 66,500 shares average volume, it will take short sellers 13 days to cover their AUG’s short positions. The short interest to Auryn Resources Inchares’s float is 1.34%.

It closed at $1.14 lastly. It is down 58.80% since October 2, 2017 and is downtrending. It has underperformed by 74.42% the S&P500.

Auryn Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of resource properties in Canada and Peru. The company has market cap of $101.80 million. It holds a 100% interest in the Committee Bay gold project, which covers an area of approximately 380,000 hectares, as well as Gibsons MacQuoid project consisting of a total of 329,000 hectares located in Nunavut, Canada. It has a 23.27 P/E ratio. The firm also holds a 100% interest in the Homestake Ridge Project, which covers an area of approximately 7,500 hectares within the Iskut-Stewart-Kitsault belt in north-western British Columbia; and a portfolio of projects in southern Peru.

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