Short Interest in Galiano Gold Inc. (NYSEAMERICAN:GAU) Increases By 10.2%

Galiano Gold Inc. (NYSEAMERICAN:GAU) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 681,900 shares, a growth of 10.2% from the August 15th total of 618,600 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 999,500 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Galiano Gold

A number of institutional investors have recently bought and sold shares of GAU. National Bank of Canada FI bought a new position in shares of Galiano Gold during the 2nd quarter worth about $59,000. Cubist Systematic Strategies LLC boosted its position in shares of Galiano Gold by 141.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after purchasing an additional 31,757 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Galiano Gold during the 1st quarter worth about $118,000. Sapient Capital LLC boosted its position in shares of Galiano Gold by 15.8% during the 2nd quarter. Sapient Capital LLC now owns 232,244 shares of the company’s stock worth $399,000 after purchasing an additional 31,744 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Galiano Gold by 172.5% during the 1st quarter. Acadian Asset Management LLC now owns 329,874 shares of the company’s stock worth $453,000 after purchasing an additional 208,800 shares in the last quarter. Institutional investors own 66.82% of the company’s stock.

Galiano Gold Stock Down 1.6 %

NYSEAMERICAN GAU traded down $0.02 on Wednesday, reaching $1.48. The company had a trading volume of 61,448 shares, compared to its average volume of 1,027,595. The company has a market capitalization of $379.34 million, a price-to-earnings ratio of 30.00 and a beta of 1.13. Galiano Gold has a fifty-two week low of $0.52 and a fifty-two week high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $63.00 million for the quarter. Research analysts expect that Galiano Gold will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on Galiano Gold from $4.40 to $4.20 and set a “buy” rating for the company in a report on Monday, August 12th.

About Galiano Gold

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.