ASA Gold and Precious Metals Limited (NYSE:ASA) Stock Short Interest Falls 60.0%

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,079 shares, a decrease of 60.0% from the August 31st total of 7,688 shares. Based on an average daily volume of 61,653 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of ASA Gold and Precious Metals in a report on Monday, August 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on ASA Gold and Precious Metals

Hedge Funds Weigh In On ASA Gold and Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. raised its position in shares of ASA Gold and Precious Metals by 9.5% during the 1st quarter. Saba Capital Management L.P. now owns 5,903,701 shares of the investment management company’s stock valued at $366,207,000 after buying an additional 511,988 shares during the period. Royal Bank of Canada raised its position in ASA Gold and Precious Metals by 882.4% in the first quarter. Royal Bank of Canada now owns 360,577 shares of the investment management company’s stock valued at $22,366,000 after purchasing an additional 323,875 shares during the period. Zazove Associates LLC lifted its stake in ASA Gold and Precious Metals by 3.2% during the first quarter. Zazove Associates LLC now owns 32,655 shares of the investment management company’s stock worth $2,026,000 after purchasing an additional 1,000 shares in the last quarter. Quantedge Capital Pte Ltd lifted its stake in ASA Gold and Precious Metals by 580.7% during the first quarter. Quantedge Capital Pte Ltd now owns 27,547 shares of the investment management company’s stock worth $1,709,000 after purchasing an additional 23,500 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of ASA Gold and Precious Metals by 3.8% during the second quarter. Integrated Wealth Concepts LLC now owns 12,143 shares of the investment management company’s stock worth $632,000 after buying an additional 443 shares during the period.

ASA Gold and Precious Metals Stock Performance

ASA Gold and Precious Metals stock traded up $1.14 during trading on Tuesday, reaching $55.74. 41,485 shares of the company were exchanged, compared to its average volume of 59,483. The stock’s 50 day simple moving average is $58.13 and its two-hundred day simple moving average is $59.66. ASA Gold and Precious Metals has a 52-week low of $43.20 and a 52-week high of $83.20.

ASA Gold and Precious Metals Company Profile

(Get Free Report)

ASA Gold and Precious Metals Limited (NYSE:ASA) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in companies involved in the exploration, mining, and processing of gold and other precious metals.

The fund’s portfolio may include businesses associated with gold, silver, platinum-group metals, diamonds, and other precious minerals. Its investments can span mining companies and related enterprises in established and emerging resource-producing regions around the world, giving shareholders exposure to the global precious-metals industry through a single investment vehicle.

Founded in 1958 and incorporated in Bermuda, ASA Gold and Precious Metals Limited does not operate mines or sell physical metals directly.

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