Gold Standard Ventures Corp (NYSEAMERICAN:GSV) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 5,900,000 shares, a drop of 6.8% from the September 30th total of 6,330,000 shares. Approximately 3.5% of the shares of the company are sold short. Based on an average daily trading volume, of 779,700 shares, the days-to-cover ratio is presently 7.6 days.
Several large investors have recently modified their holdings of the company. TD Asset Management Inc. grew its holdings in shares of Gold Standard Ventures by 15.4% during the 2nd quarter. TD Asset Management Inc. now owns 273,338 shares of the basic materials company’s stock valued at $287,000 after purchasing an additional 36,400 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Gold Standard Ventures by 66.7% during the 2nd quarter. Wells Fargo & Company MN now owns 25,000 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Gold Standard Ventures by 27.9% during the 2nd quarter. Morgan Stanley now owns 2,084,907 shares of the basic materials company’s stock valued at $2,210,000 after purchasing an additional 454,694 shares during the last quarter.
Shares of NYSEAMERICAN:GSV opened at $0.77 on Monday. The firm has a 50 day moving average price of $0.96. Gold Standard Ventures has a 12 month low of $0.71 and a 12 month high of $1.38.
About Gold Standard Ventures
Gold Standard Ventures Corp., an exploration stage company, engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the United States. Its flagship property is the Railroad-Pinion project covering approximately 53,569 gross acres of land in Elko County, Nevada.
Further Reading: Why are gap-down stocks important?
Receive News & Ratings for Gold Standard Ventures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Standard Ventures and related companies with MarketBeat.com's FREE daily email newsletter.