Auryn Resources Inc. (AUG) Sees Large Decrease in Short Interest

Auryn Resources Inc. (NYSE:AUG) was the recipient of a significant decline in short interest in October. As of October 13th, there was short interest totalling 56,562 shares, a decline of 51.0% from the September 29th total of 115,330 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 77,377 shares, the days-to-cover ratio is currently 0.7 days.

Separately, Roth Capital started coverage on Auryn Resources in a research report on Tuesday. They set a “buy” rating and a $3.00 price target for the company.

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