Mako Mining Corp. (NASDAQ:MAKO – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 204,176 shares, a growth of 1,210.7% from the September 15th total of 15,578 shares. Based on an average daily volume of 203,663 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On Mako Mining
A hedge fund recently raised its position in Mako Mining stock. Public Employees Retirement System of Ohio increased its position in shares of Mako Mining Corp. (NASDAQ:MAKO – Free Report) by 61.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,200 shares of the company’s stock after purchasing 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 Securities and Exchange Commission.
Mako Mining Stock Performance
Shares of NASDAQ MAKO traded up $0.36 during mid-day trading on Friday, reaching $9.36. 107,292 shares of the company were exchanged, compared to its average volume of 188,565. The firm’s 50-day moving average is $9.81. Mako Mining has a twelve month low of $4.96 and a twelve month high of $11.10.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on MAKO
Mako Mining Company Profile
Mako Mining Corp. is a gold mining and exploration company focused on the acquisition, development, and operation of mineral properties in Nicaragua. The company’s principal asset is the San Albino Gold Mine, a high-grade, open-pit operation in the Nueva Segovia region of northern Nicaragua.
In addition to mining and processing gold at San Albino, Mako Mining conducts exploration and resource-development activities across its land package in the region. Its exploration portfolio includes the San Albino and Las Conchitas areas, which contain additional gold-bearing targets that may support future mine development and expansion.
Mako Mining was formerly known as Marlin Gold Mining Ltd.
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