Mako Mining Corp. (NASDAQ:MAKO) Short Interest Update

Mako Mining Corp. (NASDAQ:MAKO) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 86,955 shares, an increase of 134.2% from the May 31st total of 37,134 shares. Based on an average daily volume of 205,109 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages have recently weighed in on MAKO. Zacks Research raised Mako Mining to a “hold” rating in a research note on Wednesday, June 17th. Weiss Ratings began coverage on shares of Mako Mining in a research note on Thursday, June 18th. They issued a “buy (b-)” rating on the stock. Finally, Wall Street Zen raised shares of Mako Mining to a “strong-buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Mako Mining Stock Performance

NASDAQ MAKO traded down $0.05 during mid-day trading on Tuesday, hitting $7.31. The stock had a trading volume of 95,075 shares, compared to its average volume of 134,805. The company has a market cap of $640.25 million and a P/E ratio of 28.12. Mako Mining has a twelve month low of $3.62 and a twelve month high of $8.99.

Mako Mining Corp. is a gold mining company focused on the acquisition, exploration, and development of precious metals assets. The company’s work centers on advancing mining projects and operating producing assets, with an emphasis on generating gold from its portfolio of properties.

The company is based in Canada and has operated in Central America, including Nicaragua, where it has developed and worked on mining assets. Mako Mining’s business activities typically include mine development, mineral exploration, and the processing and sale of gold production from its operations.

Mako Mining was formed through the combination of mining assets and management expertise from earlier-stage precious metals ventures.