OceanaGold Co. (OTCMKTS:OCANF) Short Interest Up 50.2% in September

OceanaGold Co. (OTCMKTS:OCANF) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,643,300 shares, a growth of 50.2% from the September 15th total of 2,426,000 shares. Based on an average daily volume of 53,200 shares, the short-interest ratio is currently 68.5 days. Based on an average daily volume of 53,200 shares, the short-interest ratio is currently 68.5 days.

Analyst Ratings Changes

OCANF has been the subject of a number of research reports. CIBC reiterated an “outperform” rating on shares of OceanaGold in a research note on Tuesday, July 15th. Raymond James Financial reaffirmed an “outperform” rating on shares of OceanaGold in a report on Friday, October 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of OceanaGold in a research report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

OceanaGold Stock Performance

Shares of OCANF opened at $22.65 on Thursday. OceanaGold has a 12 month low of $7.32 and a 12 month high of $26.31. The stock has a fifty day moving average price of $20.43 and a 200 day moving average price of $12.31.

OceanaGold Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 19th. Investors of record on Thursday, August 21st were issued a $0.03 dividend. This is a boost from OceanaGold’s previous dividend of $0.01. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a dividend yield of 71.0%.

About OceanaGold

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.