Osisko Development Corp. (NYSE:ODV) Short Interest Down 67.2% in March
Osisko Development Corp. (NYSE:ODV) experienced a 67.2% decrease in short interest in March, with totals dropping from 977,400 shares to 320,400 shares as of March 31. The days-to-cover ratio is currently 1.0 days, with approximately 0.3% of shares sold short. The company's stock traded at $1.65, with a market cap of $224.74 million. Osisko reported a quarterly EPS of ($0.09), missing estimates, and had a negative net margin of 1,817.64%. Institutional investors own 15.16% of the stock.
Osisko Development Corp. (NYSE:ODV - Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 320,400 shares, a decline of 67.2% from the March 15th total of 977,400 shares. Based on an average trading volume of 313,700 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the company's stock are short sold.
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Osisko Development Stock Performance
Shares of Osisko Development stock traded down $0.01 during trading on Tuesday, reaching $1.65. The company's stock had a trading volume of 242,754 shares, compared to its average volume of 225,788. Osisko Development has a one year low of $1.16 and a one year high of $2.75. The firm has a market cap of $224.74 million, a price-to-earnings ratio of -0.91 and a beta of 0.52. The business's fifty day moving average price is $1.44 and its 200-day moving average price is $1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.43 and a current ratio of 0.47.
Osisko Development (NYSE:ODV - Get Free Report) last issued its earnings results on Friday, March 28th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The firm had revenue of $0.40 million during the quarter, compared to analyst estimates of $0.40 million. Osisko Development had a negative net margin of 1,817.64% and a negative return on equity of 11.51%. As a group, equities research analysts predict that Osisko Development will post -0.16 earnings per share for the current year.
Institutional Investors Weigh In On Osisko Development
A number of large investors have recently bought and sold shares of ODV. Anson Funds Management LP bought a new position in shares of Osisko Development in the fourth quarter worth about $4,667,000. Sprott Inc. raised its position in Osisko Development by 84.9% in the 4th quarter. Sprott Inc. now owns 1,466,468 shares of the company's stock worth $2,388,000 after purchasing an additional 673,523 shares during the last quarter. Amitell Capital Pte Ltd acquired a new position in Osisko Development during the 4th quarter worth $944,000. Bastion Asset Management Inc. bought a new position in Osisko Development in the 4th quarter valued at $326,000. Finally, WCG Wealth Advisors LLC acquired a new stake in shares of Osisko Development in the 4th quarter valued at $201,000. 15.16% of the stock is currently owned by institutional investors.
About Osisko Development
(Get Free Report)Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.
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