Short Interest in A-Mark Precious Metals Inc (NASDAQ:AMRK) Increases By 8.5%

A-Mark Precious Metals Inc (NASDAQ:AMRK) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 17,900 shares, an increase of 8.5% from the June 30th total of 16,500 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 9,400 shares, the short-interest ratio is presently 1.9 days.

Institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC acquired a new stake in A-Mark Precious Metals during the first quarter worth about $59,000. BlackRock Inc. grew its holdings in A-Mark Precious Metals by 14.2% during the second quarter. BlackRock Inc. now owns 15,841 shares of the company’s stock worth $207,000 after acquiring an additional 1,975 shares during the period. Granite Investment Partners LLC acquired a new stake in A-Mark Precious Metals during the first quarter worth about $379,000. Wedbush Securities Inc. grew its holdings in A-Mark Precious Metals by 18.5% during the first quarter. Wedbush Securities Inc. now owns 116,295 shares of the company’s stock worth $1,384,000 after acquiring an additional 18,132 shares during the period. Finally, Vanguard Group Inc. grew its holdings in A-Mark Precious Metals by 13.5% during the second quarter. Vanguard Group Inc. now owns 219,835 shares of the company’s stock worth $2,869,000 after acquiring an additional 26,200 shares during the period. 21.73% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on AMRK shares. ValuEngine lowered A-Mark Precious Metals from a “buy” rating to a “hold” rating in a report on Sunday, June 9th. Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Wednesday, July 10th.



A-Mark Precious Metals stock opened at $14.01 on Friday. The firm has a market cap of $97.31 million, a price-to-earnings ratio of -233.50 and a beta of 0.06. A-Mark Precious Metals has a 52 week low of $10.45 and a 52 week high of $15.15. The business’s 50-day moving average price is $12.87 and its 200 day moving average price is $12.40. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

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