Contango Ore, Inc. (NYSEAMERICAN:CTGO) Short Interest Update

Contango Ore, Inc. (NYSEAMERICAN:CTGO) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 722,600 shares, a growth of 8.0% from the January 15th total of 669,100 shares. Currently, 9.3% of the shares of the company are short sold. Based on an average trading volume of 115,300 shares, the days-to-cover ratio is currently 6.3 days.

Insiders Place Their Bets

In other news, Director John B. Juneau purchased 8,300 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $11.83 per share, with a total value of $98,189.00. Following the completion of the acquisition, the director now directly owns 319,411 shares of the company’s stock, valued at approximately $3,778,632.13. This trade represents a 2.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in Contango Ore in the 3rd quarter valued at approximately $40,000. Quantbot Technologies LP acquired a new stake in Contango Ore in the third quarter valued at $57,000. JPMorgan Chase & Co. increased its position in shares of Contango Ore by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company’s stock valued at $90,000 after buying an additional 1,129 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Contango Ore by 36.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,715 shares of the company’s stock worth $57,000 after buying an additional 1,522 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Contango Ore by 93.6% in the 4th quarter. Deutsche Bank AG now owns 8,023 shares of the company’s stock worth $80,000 after buying an additional 3,879 shares in the last quarter. 19.14% of the stock is owned by hedge funds and other institutional investors.

Contango Ore Stock Down 1.3 %

Shares of CTGO traded down $0.13 during trading hours on Monday, reaching $10.26. The company had a trading volume of 66,637 shares, compared to its average volume of 80,193. Contango Ore has a 12-month low of $9.65 and a 12-month high of $25.32. The company has a market capitalization of $125.48 million, a PE ratio of -1.31 and a beta of 0.55.

Contango Ore Company Profile

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.