Gold Royalty Corp. (NYSEAMERICAN:GROY) Sees Significant Growth in Short Interest

Gold Royalty Corp. (NYSEAMERICAN:GROY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,390,000 shares, a growth of 59.4% from the September 15th total of 4,010,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is presently 6.2 days. Approximately 4.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Gold Royalty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Austin Wealth Management LLC bought a new stake in Gold Royalty in the 4th quarter valued at about $44,000. GSA Capital Partners LLP lifted its stake in Gold Royalty by 70.9% in the 1st quarter. GSA Capital Partners LLP now owns 257,222 shares of the company’s stock valued at $484,000 after purchasing an additional 106,700 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Gold Royalty by 0.9% during the 1st quarter. Van ECK Associates Corp now owns 5,953,677 shares of the company’s stock worth $11,193,000 after acquiring an additional 55,546 shares during the last quarter. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Stock Up 1.4 %

Shares of GROY stock traded up $0.02 on Monday, hitting $1.40. 800,033 shares of the stock were exchanged, compared to its average volume of 913,775. Gold Royalty has a fifty-two week low of $1.17 and a fifty-two week high of $2.21. The stock has a market capitalization of $204.01 million, a P/E ratio of -8.29 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $1.79 million during the quarter. Gold Royalty had a negative net margin of 484.60% and a negative return on equity of 0.68%. On average, sell-side analysts anticipate that Gold Royalty will post -0.03 earnings per share for the current fiscal year.

About Gold Royalty

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.