Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Update

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 167,100 shares, a growth of 12.1% from the September 15th total of 149,000 shares. Based on an average daily volume of 88,400 shares, the days-to-cover ratio is currently 1.9 days.

Caledonia Mining Stock Down 1.1 %

Caledonia Mining stock traded down $0.18 during trading hours on Wednesday, hitting $16.07. The stock had a trading volume of 105,485 shares, compared to its average volume of 65,525. The stock has a market capitalization of $206.18 million, a PE ratio of 31.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.52. Caledonia Mining has a 12-month low of $8.91 and a 12-month high of $16.40.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its earnings results on Monday, August 12th. The company reported $0.51 earnings per share for the quarter. The business had revenue of $50.11 million during the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%.

Institutional Investors Weigh In On Caledonia Mining

A number of hedge funds have recently added to or reduced their stakes in CMCL. Van ECK Associates Corp grew its position in Caledonia Mining by 4.1% during the first quarter. Van ECK Associates Corp now owns 678,674 shares of the company’s stock valued at $7,513,000 after buying an additional 26,946 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Caledonia Mining by 56.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company’s stock valued at $88,000 after purchasing an additional 2,882 shares during the last quarter. Empowered Funds LLC raised its stake in Caledonia Mining by 8.1% during the first quarter. Empowered Funds LLC now owns 48,508 shares of the company’s stock valued at $537,000 after purchasing an additional 3,642 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Caledonia Mining by 144.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company’s stock worth $25,000 after acquiring an additional 1,324 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Caledonia Mining by 11.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock worth $467,000 after purchasing an additional 5,087 shares during the period. 31.78% of the stock is currently owned by hedge funds and other institutional investors.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.