Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Up 12.1% in September

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 167,100 shares, a growth of 12.1% from the September 15th total of 149,000 shares. Based on an average daily volume of 88,400 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Caledonia Mining

Several hedge funds have recently bought and sold shares of CMCL. Renaissance Technologies LLC purchased a new position in shares of Caledonia Mining in the 2nd quarter worth about $656,000. Van ECK Associates Corp boosted its stake in Caledonia Mining by 7.9% in the second quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock worth $7,118,000 after buying an additional 53,678 shares in the last quarter. Marshall Wace LLP bought a new position in Caledonia Mining during the second quarter valued at approximately $384,000. Squarepoint Ops LLC purchased a new position in shares of Caledonia Mining during the second quarter worth approximately $314,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Caledonia Mining by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 188,274 shares of the company’s stock worth $1,830,000 after acquiring an additional 24,447 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors.

Caledonia Mining Trading Down 0.1 %

Shares of CMCL stock traded down $0.01 on Tuesday, reaching $15.92. The company’s stock had a trading volume of 11,002 shares, compared to its average volume of 64,896. The company has a market capitalization of $204.25 million, a PE ratio of 31.02 and a beta of 0.73. Caledonia Mining has a 12-month low of $8.91 and a 12-month high of $16.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.52.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its quarterly earnings results on Monday, August 12th. The company reported $0.51 earnings per share for the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%. The firm had revenue of $50.11 million for the quarter.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.