OceanaGold Co. (OTCMKTS:OCANF) Short Interest Down 26.8% in February

OceanaGold Co. (OTCMKTS:OCANF) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,816,800 shares, a decline of 26.8% from the February 13th total of 2,481,900 shares. Based on an average trading volume of 119,200 shares, the days-to-cover ratio is currently 15.2 days.

OceanaGold Trading Up 2.7 %

Shares of OCANF stock traded up $0.08 during mid-day trading on Tuesday, reaching $3.02. 82,801 shares of the company’s stock traded hands, compared to its average volume of 52,285. The firm has a 50 day moving average price of $2.90 and a two-hundred day moving average price of $2.88. OceanaGold has a 12 month low of $1.98 and a 12 month high of $3.35.

OceanaGold Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, March 5th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 5th.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OCANF shares. TD Securities assumed coverage on shares of OceanaGold in a research note on Tuesday, February 4th. They issued a “buy” rating for the company. Raymond James reaffirmed an “outperform” rating on shares of OceanaGold in a report on Tuesday, February 4th.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.