Gold Standard Ventures (GSV) Sees Large Drop in Short Interest

Gold Standard Ventures (NYSEAMERICAN:GSV) was the target of a significant drop in short interest in the month of April. As of April 13th, there was short interest totalling 7,408,100 shares, a drop of 0.3% from the March 30th total of 7,433,094 shares. Approximately 6.7% of the company’s stock are sold short. Based on an average daily volume of 260,745 shares, the days-to-cover ratio is presently 28.4 days.

Shares of NYSEAMERICAN:GSV opened at $1.65 on Friday. Gold Standard Ventures has a fifty-two week low of $1.25 and a fifty-two week high of $2.07.

Separately, Zacks Investment Research raised shares of Gold Standard Ventures from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd.

A number of large investors have recently modified their holdings of GSV. Virtu Financial LLC acquired a new stake in Gold Standard Ventures in the fourth quarter valued at approximately $102,000. Deutsche Bank AG acquired a new stake in Gold Standard Ventures in the fourth quarter valued at approximately $112,000. Camelot Portfolios LLC acquired a new stake in Gold Standard Ventures during the fourth quarter worth approximately $175,000. Gabelli Funds LLC acquired a new stake in Gold Standard Ventures during the fourth quarter worth approximately $613,000. Finally, AGF Investments Inc. acquired a new stake in Gold Standard Ventures during the fourth quarter worth approximately $777,000.

About Gold Standard Ventures

Gold Standard Ventures Corp., an exploration stage company, engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the United States. Its flagship property is the Railroad-Pinion project covering approximately 53,569 gross acres of land in Elko County, Nevada.

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