Short Interest in Entree Gold Declines By 19.1% Entree Gold (NYSE:EGI) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 186,980 shares, a decline of 19.1% from the April 30th total of 231,178 shares, AR Network reports. Based on an average daily volume of 105,038 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.2% of the shares of the stock are short sold.
Separately, analysts at TD Securities reiterated a “hold” rating and set a $0.60 price target on shares of Entree Gold in a research note on Monday.
Shares of Entree Gold (NYSE:EGI) traded up 2.86% during mid-day trading on Monday, hitting $0.36. 55,551 shares of the company’s stock traded hands. Entree Gold has a 1-year low of $0.08 and a 1-year high of $0.51. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $52.93 million.