Mako Mining Corp. (NASDAQ:MAKO) Short Interest Down 63.7% in August

Mako Mining Corp. (NASDAQ:MAKO) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 26,123 shares, a decline of 63.7% from the August 15th total of 72,006 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 199,663 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Mako Mining

A hedge fund recently raised its stake in Mako Mining stock. Public Employees Retirement System of Ohio boosted its position in Mako Mining Corp. (NASDAQ:MAKO) by 61.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,200 shares of the company’s stock after buying an additional 9,600 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mako Mining were worth $185,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

MAKO has been the topic of a number of research reports. Zacks Research upgraded Mako Mining to a “hold” rating in a report on Wednesday, June 17th. Wall Street Zen cut shares of Mako Mining from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised shares of Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Mako Mining Price Performance

NASDAQ MAKO traded down $0.40 during trading on Tuesday, hitting $9.66. 108,541 shares of the company traded hands, compared to its average volume of 143,630. Mako Mining has a 12 month low of $4.85 and a 12 month high of $11.10. The business’s fifty day simple moving average is $8.88. The company has a market cap of $846.75 million and a P/E ratio of 23.57.

Mako Mining (NASDAQ:MAKO) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.26 EPS for the quarter. Mako Mining had a return on equity of 34.25% and a net margin of 25.11%.The business had revenue of $68.59 million for the quarter. On average, equities research analysts predict that Mako Mining will post 0.78 EPS for the current fiscal year.

Mako Mining Company Profile

Mako Mining Corp. is a gold mining and exploration company focused on the acquisition, development and operation of mineral properties in Nicaragua. The company’s principal asset is the San Albino Gold Project in the Nueva Segovia region, a historically productive gold-mining district.

San Albino includes the San Albino and Las Conchitas deposits, where Mako conducts mining, processing and exploration activities. The company’s operations are centered on producing gold and expanding its resource base through exploration and development of nearby mineralized zones.

Mako Mining was formed through the consolidation of assets formerly associated with Marlin Gold Mining.