B2Gold Corp. (NYSEAMERICAN:BTG) Sees Significant Increase in Short Interest

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 23,680,000 shares, an increase of 7.4% from the October 15th total of 22,040,000 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 15,220,000 shares, the short-interest ratio is presently 1.6 days.

B2Gold Stock Up 4.7 %

Shares of NYSEAMERICAN BTG opened at $2.81 on Tuesday. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -93.47, a PEG ratio of 1.65 and a beta of 1.10. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $2.80.

Institutional Investors Weigh In On B2Gold

An institutional investor recently raised its position in B2Gold stock. BNP Paribas Financial Markets boosted its stake in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 187.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,765 shares of the basic materials company’s stock after buying an additional 30,484 shares during the quarter. BNP Paribas Financial Markets’ holdings in B2Gold were worth $122,000 at the end of the most recent reporting period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.