Almaden Minerals Ltd. (NYSEAMERICAN:AAU) Short Interest Up 2.0% in January

Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) was the recipient of a large increase in short interest during the month of January. As of January 12th, there was short interest totalling 2,060,171 shares, an increase of 2.0% from the December 29th total of 2,020,343 shares. Based on an average trading volume of 174,179 shares, the days-to-cover ratio is currently 11.8 days. Currently, 2.2% of the company’s shares are sold short.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG increased its position in Almaden Minerals by 253.8% during the 4th quarter. Deutsche Bank AG now owns 267,856 shares of the basic materials company’s stock valued at $275,000 after purchasing an additional 192,156 shares during the period. Tocqueville Asset Management L.P. grew its position in shares of Almaden Minerals by 2.9% in the 4th quarter. Tocqueville Asset Management L.P. now owns 5,607,319 shares of the basic materials company’s stock worth $5,679,000 after buying an additional 159,170 shares during the period. Renaissance Technologies LLC grew its position in shares of Almaden Minerals by 835.3% in the 4th quarter. Renaissance Technologies LLC now owns 195,475 shares of the basic materials company’s stock worth $201,000 after buying an additional 174,575 shares during the period. Stansberry Asset Management LLC purchased a new stake in shares of Almaden Minerals in the 4th quarter worth about $226,000. Finally, Ninepoint Partners LP purchased a new stake in shares of Almaden Minerals in the 4th quarter worth about $1,444,000.

Almaden Minerals (NYSEAMERICAN AAU) opened at $0.94 on Thursday. Almaden Minerals has a one year low of $0.71 and a one year high of $1.75. The company has a market cap of $83.29, a price-to-earnings ratio of -23.50 and a beta of -0.67.

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About Almaden Minerals

Almaden Minerals Ltd. is exploration- and development-stage company and is engaged in the exploration and development of exploration and evaluation properties in Canada, the United States and Mexico. The Company is engaged in the business of the acquisition of mineral properties. Its principal property interest includes the Tuligtic Property/Project-Mexico.

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