Caledonia sees a large increase in short interest
Caledonia Mining Co. Plc (NYSEAMERICAN: CMCL) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 41,300 shares, an increase of 16.7% from the January 31st total of 35,400 shares. Based on an average daily trading volume, of 42,200 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are short-sold.
Institutional Trading of Caledonia Mining
A number of hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in shares of Caledonia Mining in the 2nd quarter valued at $47,000. LSV Asset Management acquired a new stake in shares of Caledonia Mining during the 1st quarter worth about $57,000. Morgan Stanley increased its position in shares of Caledonia Mining by 11.3% during the 4th quarter. Morgan Stanley now owns 9,527 shares of the company’s stock worth $118,000 after purchasing an additional 964 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Caledonia Mining by 72.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,053 shares of the company’s stock worth $138,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Caledonia Mining during the 2nd quarter worth about $139,000. 6.38% of the stock is owned by institutional investors.
Caledonia Mining Stock Down 3.7 %
Shares of Caledonia Mining stock opened at $13.64 on Friday. Caledonia Mining has a fifty-two week low of $8.75 and a fifty-two-week high of $18.23. The firm has a market capitalization of $175.00 million, a price-to-earnings ratio of 5.93 and a beta of 0.78.
Caledonia Mining Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 27th. Shareholders of record on Friday, January 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, January 12th. Caledonia Mining’s dividend payout ratio (DPR) is presently 24.35%.
