Lundin Gold Inc. (OTCMKTS:LUGDF) Sees Large Growth in Short Interest

Lundin Gold Inc. (OTCMKTS:LUGDF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,188,200 shares, an increase of 18.6% from the December 31st total of 1,845,200 shares. Based on an average daily trading volume, of 24,900 shares, the days-to-cover ratio is currently 87.9 days.

Lundin Gold Trading Down 1.5 %

Shares of LUGDF stock traded down C$0.38 during trading hours on Monday, hitting C$24.77. 12,125 shares of the company’s stock were exchanged, compared to its average volume of 12,776. The firm has a 50 day moving average of C$23.00 and a two-hundred day moving average of C$21.69. Lundin Gold has a fifty-two week low of C$10.49 and a fifty-two week high of C$29.11.

Lundin Gold Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.1991 per share. This represents a dividend yield of 3.45%. The ex-dividend date was Thursday, December 5th.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.