Alio Gold Inc (NYSEAMERICAN:ALO) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 220,300 shares, a decline of 10.9% from the September 30th total of 247,200 shares. Based on an average daily volume of 148,800 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the shares of the company are sold short.
Separately, Zacks Investment Research upgraded shares of Alio Gold from a “sell” rating to a “hold” rating in a report on Friday, November 1st.
An institutional investor recently raised its position in Alio Gold stock. Renaissance Technologies LLC lifted its stake in shares of Alio Gold Inc (NYSEAMERICAN:ALO) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,489,353 shares of the company’s stock after purchasing an additional 124,971 shares during the period. Renaissance Technologies LLC owned approximately 1.76% of Alio Gold worth $1,163,000 at the end of the most recent reporting period.
Alio Gold (NYSEAMERICAN:ALO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $27.01 million for the quarter.
Alio Gold Company Profile
Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties. The company primarily mines for gold and silver. It holds 100% interests in San Francisco open pit gold mine that covers an area of approximately 53,380 hectares situated in the north central portion of the state of Sonora, Mexico; Florida Canyon open pit mine covering an area of approximately 11,886 hectares located in Nevada, the United States; and Ana Paula property situated in the state of Guerrero, Mexico.
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