A-Mark Precious Metals Inc (NASDAQ:AMRK) Short Interest Down 14.7% in July

A-Mark Precious Metals Inc (NASDAQ:AMRK) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 122,300 shares, a decline of 14.7% from the June 30th total of 143,300 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 40,400 shares, the short-interest ratio is currently 3.0 days.

Shares of NASDAQ AMRK opened at $24.09 on Friday. A-Mark Precious Metals has a 52 week low of $7.47 and a 52 week high of $25.11. The firm has a market cap of $169.35 million, a P/E ratio of 14.34 and a beta of -0.27. The business’s 50 day moving average price is $20.05 and its 200 day moving average price is $13.87. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 1.07.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $1.45. A-Mark Precious Metals had a return on equity of 15.48% and a net margin of 0.26%. The company had revenue of $1.26 billion during the quarter.

In related news, Director Jess M. Ravich sold 7,004 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $16.06, for a total value of $112,484.24. Following the sale, the director now owns 78,043 shares in the company, valued at $1,253,370.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jess M. Ravich sold 5,149 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $16.07, for a total value of $82,744.43. Following the completion of the sale, the director now owns 78,043 shares in the company, valued at approximately $1,254,151.01. The disclosure for this sale can be found here. Insiders have sold 12,653 shares of company stock worth $203,504 in the last 90 days. Insiders own 36.60% of the company’s stock.

An institutional investor recently bought a new position in A-Mark Precious Metals stock. Bailard Inc. bought a new position in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,200 shares of the company’s stock, valued at approximately $125,000. Bailard Inc. owned 0.15% of A-Mark Precious Metals at the end of the most recent reporting period. 16.99% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet upgraded A-Mark Precious Metals from a “d” rating to a “c-” rating in a research report on Friday, May 22nd.

A-Mark Precious Metals Company Profile

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.

Featured Story: Stop Order Uses For Individual Investors

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