Contango Ore, Inc. (NYSEAMERICAN:CTGO) Short Interest Up 8.0% in January

Contango Ore, Inc. (NYSEAMERICAN:CTGO) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 722,600 shares, an increase of 8.0% from the January 15th total of 669,100 shares. Based on an average daily trading volume, of 115,300 shares, the short-interest ratio is presently 6.3 days. Approximately 9.3% of the shares of the company are short sold.

Contango Ore Stock Up 5.3 %

Shares of NYSEAMERICAN:CTGO traded up $0.54 during trading on Tuesday, reaching $10.80. 30,570 shares of the company’s stock traded hands, compared to its average volume of 82,263. Contango Ore has a 12 month low of $9.65 and a 12 month high of $25.32. The company has a market cap of $132.08 million, a PE ratio of -1.37 and a beta of 0.55.

Insider Activity at Contango Ore

In other Contango Ore news, Director John B. Juneau acquired 8,300 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $11.83 per share, with a total value of $98,189.00. Following the transaction, the director now directly owns 319,411 shares in the company, valued at approximately $3,778,632.13. This represents a 2.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in Contango Ore by 93.6% during the 4th quarter. Deutsche Bank AG now owns 8,023 shares of the company’s stock valued at $80,000 after purchasing an additional 3,879 shares during the period. Bridgeway Capital Management LLC acquired a new position in Contango Ore during the 4th quarter valued at about $200,000. Bank of America Corp DE boosted its stake in Contango Ore by 40.1% during the 4th quarter. Bank of America Corp DE now owns 10,262 shares of the company’s stock valued at $103,000 after purchasing an additional 2,936 shares during the period. Raffles Associates LP boosted its stake in Contango Ore by 281.5% during the 4th quarter. Raffles Associates LP now owns 46,554 shares of the company’s stock valued at $466,000 after purchasing an additional 34,351 shares during the period. Finally, Northern Trust Corp boosted its stake in Contango Ore by 2.9% during the 4th quarter. Northern Trust Corp now owns 86,882 shares of the company’s stock valued at $871,000 after purchasing an additional 2,482 shares during the period. 19.14% of the stock is owned by institutional investors and hedge funds.

Contango Ore Company Profile

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.