Osisko Development Corp. (NYSE:ODV) Short Interest Update

Osisko Development Corp. (NYSE:ODV) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 320,400 shares, a decline of 67.2% from the March 15th total of 977,400 shares. Based on an average daily volume of 313,700 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Osisko Development

Several institutional investors have recently bought and sold shares of ODV. Polar Asset Management Partners Inc. purchased a new position in Osisko Development in the fourth quarter worth $196,000. WCG Wealth Advisors LLC purchased a new position in shares of Osisko Development in the 4th quarter valued at about $201,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Osisko Development in the fourth quarter valued at about $62,000. Bastion Asset Management Inc. purchased a new stake in Osisko Development during the fourth quarter worth about $326,000. Finally, Anson Funds Management LP acquired a new stake in shares of Osisko Development during the 4th quarter valued at approximately $4,667,000. 15.16% of the stock is owned by institutional investors and hedge funds.

Osisko Development Stock Up 3.9 %

Shares of NYSE ODV traded up $0.07 during mid-day trading on Wednesday, hitting $1.72. The company had a trading volume of 700,301 shares, compared to its average volume of 228,733. The company has a market capitalization of $234.31 million, a PE ratio of -0.95 and a beta of 0.52. The business’s 50-day simple moving average is $1.44 and its 200 day simple moving average is $1.67. Osisko Development has a 1-year low of $1.16 and a 1-year high of $2.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.43.

Osisko Development (NYSE:ODV) last released its quarterly earnings data on Friday, March 28th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The business had revenue of $0.40 million during the quarter, compared to analysts’ expectations of $0.40 million. Osisko Development had a negative net margin of 1,817.64% and a negative return on equity of 11.51%. On average, analysts predict that Osisko Development will post -0.16 earnings per share for the current year.

About Osisko Development

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.