OceanaGold Co. (OTCMKTS:OCANF) Sees Significant Growth in Short Interest

OceanaGold Co. (OTCMKTS:OCANF) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 3,193,300 shares, an increase of 26.6% from the May 15th total of 2,523,300 shares. Based on an average trading volume of 249,000 shares, the short-interest ratio is presently 12.8 days.

OceanaGold Trading Down 0.7%

OTCMKTS OCANF opened at $5.01 on Thursday. The business’s 50 day moving average is $4.15 and its two-hundred day moving average is $3.37. OceanaGold has a 12-month low of $2.09 and a 12-month high of $5.24.

OceanaGold Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.01 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, May 21st.

Wall Street Analysts Forecast Growth

OCANF has been the subject of a number of recent analyst reports. National Bankshares reaffirmed an “outperform” rating on shares of OceanaGold in a report on Wednesday, April 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of OceanaGold in a research report on Monday, June 2nd.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.