Short Interest in OceanaGold Co. (OTCMKTS:OCANF) Declines By 26.8%

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

OceanaGold Stock Up 3.2 %

OTCMKTS:OCANF traded up $0.09 on Monday, reaching $2.94. 22,369 shares of the company’s stock were exchanged, compared to its average volume of 51,561. The business has a fifty day moving average of $2.89 and a 200-day moving average of $2.87. OceanaGold has a 52-week low of $1.96 and a 52-week high of $3.35.

OceanaGold Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 5th.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OCANF shares. Raymond James reissued an “outperform” rating on shares of OceanaGold in a research report on Tuesday, February 4th. TD Securities assumed coverage on OceanaGold in a report on Tuesday, February 4th. They issued a “buy” rating on the stock.

OceanaGold Company Profile

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.