Galiano Gold Inc. (NYSEAMERICAN:GAU) Short Interest Up 9.5% in September

Galiano Gold Inc. (NYSEAMERICAN:GAU) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 746,900 shares, a growth of 9.5% from the August 31st total of 681,900 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 955,000 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their price target on shares of Galiano Gold from $4.40 to $4.20 and set a “buy” rating on the stock in a research note on Monday, August 12th.

Galiano Gold Trading Up 1.8 %

Shares of NYSEAMERICAN:GAU traded up $0.03 on Tuesday, reaching $1.45. 190,053 shares of the company traded hands, compared to its average volume of 1,011,719. The stock has a market capitalization of $371.25 million, a P/E ratio of 28.40 and a beta of 1.13. Galiano Gold has a 52 week low of $0.52 and a 52 week high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $63.00 million during the quarter. As a group, research analysts predict that Galiano Gold will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Galiano Gold

Institutional investors have recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC grew its stake in shares of Galiano Gold by 1.9% in the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock worth $50,300,000 after purchasing an additional 662,500 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Galiano Gold by 186.2% during the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company’s stock valued at $1,613,000 after acquiring an additional 614,316 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Galiano Gold by 5.6% in the second quarter. Donald Smith & CO. Inc. now owns 17,919,638 shares of the company’s stock worth $30,822,000 after acquiring an additional 947,328 shares during the period. Virtu Financial LLC purchased a new position in Galiano Gold during the 1st quarter valued at $118,000. Finally, National Bank of Canada FI bought a new position in Galiano Gold in the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.