Short Interest in Mako Mining Corp. (NASDAQ:MAKO) Increases By 134.2%

Mako Mining Corp. (NASDAQ:MAKO – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 86,955 shares, a growth of 134.2% from the May 31st total of 37,134 shares. Based on an average daily trading volume, of 205,109 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings assumed coverage on shares of Mako Mining in a research report on Thursday, June 18th. They set a “buy (b-)” rating on the stock. Wall Street Zen raised Mako Mining to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Zacks Research raised Mako Mining to a “hold” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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Mako Mining Stock Performance

Shares of Mako Mining stock traded down $0.11 on Monday, reaching $7.36. 102,634 shares of the company’s stock were exchanged, compared to its average volume of 135,040. The stock has a market capitalization of $644.63 million and a price-to-earnings ratio of 28.31. Mako Mining has a 52 week low of $3.62 and a 52 week high of $8.99.

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.

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