Mako Mining Corp. (NASDAQ:MAKO) Short Interest Update

Mako Mining Corp. (NASDAQ:MAKO) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 72,006 shares, an increase of 71.9% from the July 30th total of 41,891 shares. Based on an average daily trading volume, of 232,613 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Mako Mining stock. Public Employees Retirement System of Ohio raised its position in Mako Mining Corp. (NASDAQ:MAKO) by 61.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,200 shares of the company’s stock after acquiring an additional 9,600 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mako Mining were worth $185,000 as of its most recent filing with the SEC.

Mako Mining Trading Down 4.9%

Shares of NASDAQ MAKO opened at $9.57 on Wednesday. The stock has a market cap of $838.33 million and a PE ratio of 23.34. Mako Mining has a 1-year low of $4.50 and a 1-year high of $11.10. The firm’s 50-day moving average price is $8.41.

Mako Mining (NASDAQ:MAKO) last issued its earnings results on Friday, May 15th. The company reported $0.26 earnings per share (EPS) for the quarter. Mako Mining had a return on equity of 34.25% and a net margin of 25.11%.The business had revenue of $68.59 million during the quarter. As a group, sell-side analysts anticipate that Mako Mining will post 0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MAKO shares. Weiss Ratings raised shares of Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Mako Mining from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded shares of Mako Mining to a “hold” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Mako Mining Company Profile

Mako Mining Corp. is a gold mining company focused on the acquisition, exploration, and development of precious metals assets. The company’s work centers on advancing mining projects and operating producing assets, with an emphasis on generating gold from its portfolio of properties.

The company is based in Canada and has operated in Central America, including Nicaragua, where it has developed and worked on mining assets. Mako Mining’s business activities typically include mine development, mineral exploration, and the processing and sale of gold production from its operations.

Mako Mining was formed through the combination of mining assets and management expertise from earlier-stage precious metals ventures.