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

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

Gold Royalty Stock Performance

NYSEAMERICAN GROY traded up $0.02 during midday trading on Monday, hitting $1.40. The company had a trading volume of 799,923 shares, 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 company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $204.01 million, a price-to-earnings ratio of -8.23 and a beta of 1.02.

Gold Royalty (NYSEAMERICAN:GROY) last released its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $1.79 million for the quarter. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. Equities research analysts forecast that Gold Royalty will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Gold Royalty

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

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.