Klondex Mines Ltd (NYSEAMERICAN:KLDX) Short Interest Update

Klondex Mines Ltd (NYSEAMERICAN:KLDX) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 19,877,369 shares, an increase of 10.5% from the November 30th total of 17,984,258 shares. Currently, 11.3% of the company’s shares are short sold. Based on an average daily volume of 2,215,672 shares, the days-to-cover ratio is presently 9.0 days.

KLDX has been the topic of a number of research reports. BidaskClub downgraded Klondex Mines from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. HC Wainwright restated a “buy” rating and issued a $6.25 price objective on shares of Klondex Mines in a report on Friday, November 10th. Roth Capital reiterated a “buy” rating and set a $5.25 target price on shares of Klondex Mines in a report on Wednesday, October 4th. TheStreet downgraded Klondex Mines from a “c” rating to a “d+” rating in a report on Friday, November 10th. Finally, Zacks Investment Research downgraded Klondex Mines from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.67.

Shares of Klondex Mines (NYSEAMERICAN KLDX) opened at $2.13 on Friday. The company has a market capitalization of $380.77, a PE ratio of -35.50 and a beta of 0.03. Klondex Mines has a twelve month low of $1.61 and a twelve month high of $5.91.

Several large investors have recently made changes to their positions in KLDX. Virtu Financial LLC grew its stake in Klondex Mines by 164.8% during the 3rd quarter. Virtu Financial LLC now owns 42,504 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 26,451 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Klondex Mines by 141.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,585 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 67,635 shares in the last quarter. U S Global Investors Inc. grew its stake in Klondex Mines by 0.6% during the 3rd quarter. U S Global Investors Inc. now owns 11,168,833 shares of the basic materials company’s stock valued at $39,942,000 after purchasing an additional 68,833 shares in the last quarter. Jane Street Group LLC grew its stake in Klondex Mines by 1,365.7% during the 3rd quarter. Jane Street Group LLC now owns 255,192 shares of the basic materials company’s stock valued at $929,000 after purchasing an additional 237,781 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Klondex Mines by 54.0% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 330,687 shares of the basic materials company’s stock valued at $1,204,000 after purchasing an additional 115,944 shares in the last quarter.

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Klondex Mines Company Profile

Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.

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