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

OceanaGold Co. (OTCMKTS:OCANF) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,512,500 shares, a drop of 24.9% from the November 15th total of 3,344,600 shares. Based on an average daily trading volume, of 95,500 shares, the short-interest ratio is presently 26.3 days.

OceanaGold Price Performance

Shares of OCANF traded down $0.17 during mid-day trading on Friday, hitting $2.86. The stock had a trading volume of 47,038 shares, compared to its average volume of 78,071. OceanaGold has a fifty-two week low of $1.54 and a fifty-two week high of $3.25. The company’s fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $2.69.

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.