Short Interest in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Increases By 263.9%

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,141,652 shares, an increase of 263.9% from the January 15th total of 313,767 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 794,730 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 794,730 shares, the days-to-cover ratio is currently 1.4 days. Currently, 6.2% of the shares of the company are sold short.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN:CMCL traded up $0.79 on Wednesday, reaching $30.39. 298,922 shares of the company’s stock were exchanged, compared to its average volume of 604,576. The business’s 50-day moving average is $27.66 and its two-hundred day moving average is $28.57. The company has a quick ratio of 1.20, a current ratio of 1.78 and a debt-to-equity ratio of 0.02. Caledonia Mining has a fifty-two week low of $9.79 and a fifty-two week high of $38.75. The firm has a market capitalization of $584.10 million, a price-to-earnings ratio of 11.78 and a beta of 0.49.

Hedge Funds Weigh In On Caledonia Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in shares of Caledonia Mining during the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its position in Caledonia Mining by 6,486.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock valued at $37,000 after purchasing an additional 1,881 shares during the period. Smartleaf Asset Management LLC grew its stake in Caledonia Mining by 65.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $38,000 after buying an additional 411 shares during the last quarter. Quarry LP bought a new position in Caledonia Mining during the 3rd quarter worth $50,000. Finally, Optimum Investment Advisors acquired a new stake in Caledonia Mining in the third quarter worth $54,000. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Company Profile

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.