Comstock Mining Inc (LODE) Sees Large Decline in Short Interest

Comstock Mining Inc (NYSE:LODE) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,262,771 shares, a decline of 12.1% from the January 13th total of 1,436,092 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 349,815 shares, the days-to-cover ratio is currently 3.6 days.

Separately, Zacks Investment Research raised Comstock Mining from a “hold” rating to a “strong-buy” rating and set a $0.25 price objective for the company in a report on Monday, October 24th.

Comstock Mining (NYSE:LODE) opened at 0.26 on Wednesday. The firm’s market capitalization is $47.97 million. Comstock Mining has a one year low of $0.19 and a one year high of $0.62. The company’s 50-day moving average price is $0.26 and its 200 day moving average price is $0.30.

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About Comstock Mining

Comstock Mining Inc is a gold and silver mining company. The Company holds properties in the Comstock and Silver City mining districts (collectively, the Comstock District). The Company’s segments include mining and real estate. The mining segment consists of the Company’s activities and expenditures associated with mining.

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