Alio Gold Inc (ALO) Short Interest Update

Alio Gold Inc (NYSEAMERICAN:ALO) was the recipient of a significant increase in short interest in the month of June. As of June 29th, there was short interest totalling 1,327,506 shares, an increase of 48.1% from the June 15th total of 896,158 shares. Based on an average trading volume of 158,459 shares, the short-interest ratio is currently 8.4 days.

Alio Gold traded down $0.07, reaching $1.49, on Wednesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 129,295 shares, compared to its average volume of 194,682. Alio Gold has a 1-year low of $1.32 and a 1-year high of $4.94.

Alio Gold (NYSEAMERICAN:ALO) last posted its earnings results on Wednesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The business had revenue of $23.34 million during the quarter.

Hedge funds have recently bought and sold shares of the company. Scotia Capital Inc. boosted its position in shares of Alio Gold by 129.2% during the fourth quarter. Scotia Capital Inc. now owns 30,693 shares of the company’s stock worth $113,000 after buying an additional 17,300 shares during the period. Geode Capital Management LLC acquired a new position in shares of Alio Gold during the fourth quarter worth about $121,000. GWM Advisors LLC boosted its position in shares of Alio Gold by 403.4% during the first quarter. GWM Advisors LLC now owns 90,609 shares of the company’s stock worth $169,000 after buying an additional 72,609 shares during the period. Two Sigma Investments LP acquired a new position in shares of Alio Gold during the fourth quarter worth about $328,000. Finally, Deutsche Bank AG boosted its position in shares of Alio Gold by 436.7% during the fourth quarter. Deutsche Bank AG now owns 195,902 shares of the company’s stock worth $718,000 after buying an additional 159,398 shares during the period.

A number of research analysts have issued reports on ALO shares. TheStreet cut Alio Gold from a “c-” rating to a “d+” rating in a research note on Tuesday, March 20th. Zacks Investment Research cut Alio Gold from a “buy” rating to a “hold” rating in a research note on Tuesday. Raymond James raised Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, March 23rd. Finally, UBS Group raised Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, March 23rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Alio Gold currently has an average rating of “Hold” and an average target price of $4.50.

Alio Gold Company Profile

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.

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