Short Interest in Alio Gold Inc (NYSE:ALO) Increases By 379.5%

Brunilde Fioravanti
Ottobre 22, 2017

TRADEMARK VIOLATION WARNING: "Alio Gold Inc (ALO) Upgraded to "Strong-Buy" at Zacks Investment Research" was posted by Week Herald and is the sole property of of Week Herald. As of September 29th, there was short interest totalling 101,040 shares, an increase of 379.5% from the September 15th total of 21,073 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 276,313 shares, the days-to-cover ratio is now 0.4 days.

A number of large investors have recently added to or reduced their stakes in ALO. The original version of this piece of content can be accessed at https://weekherald.com/2017/10/20/alio-gold-inc-alo-upgraded-to-strong-buy-at-zacks-investment-research.html. Alio Gold had 3 analyst reports since May 23, 2017 according to SRatingsIntel.

Shares of Alio Gold (ALO) opened at 4.05 on Friday. Alio Gold has a 12-month low of $3.70 and a 12-month high of $7.99. The company's 50-day moving average price is $5.41 and its 200 day moving average price is $5.72. The stock has a market cap of $222.30 million and a price-to-earnings ratio of 2.85.

Zacks Investment Research upgraded shares of Alio Gold Inc (NYSE:ALO) from a hold rating to a strong-buy rating in a report published on Thursday. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.09. The firm had revenue of $27.07 million for the quarter, compared to the consensus estimate of $25.00 million. On average, equities analysts predict that Alio Gold will post $0.43 earnings per share for the current fiscal year. Cubist Systematic Strategies LLC acquired a new stake in Alio Gold in the 2nd quarter worth about $125,000. American Century Companies Inc. bought a new position in Alio Gold during the 2nd quarter worth approximately $169,000. Hillsdale Investment Management Inc. acquired a new stake in Alio Gold in the 2nd quarter worth about $609,000. Royal Bank of Canada acquired a new stake in Alio Gold in the 2nd quarter worth about $175,000. Finally, Aegis Financial Corp acquired a new stake in Alio Gold in the 2nd quarter worth about $1,103,000. The stock has "Outperform" rating by Raymond James on Tuesday, May 23.

Alio Gold Inc, formerly Timmins Gold Corp, is a Canada gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, S.A.de C.V. and Molimentales del Noroeste, S.A.de C.V. The company has market cap of $224.14 million.

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