Short Interest in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Decreases By 5.9%

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCLGet Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 282,600 shares, a drop of 5.9% from the October 15th total of 300,400 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 49,600 shares, the days-to-cover ratio is presently 5.7 days.

Caledonia Mining Stock Performance

Shares of CMCL traded down $0.34 during mid-day trading on Friday, reaching $11.71. The stock had a trading volume of 52,936 shares, compared to its average volume of 70,905. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 0.71. The firm has a market cap of $150.24 million, a P/E ratio of -14.82 and a beta of 0.75. Caledonia Mining has a 12 month low of $9.48 and a 12 month high of $17.58.

Caledonia Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Thursday, October 12th. Caledonia Mining’s dividend payout ratio is currently -70.89%.

Institutional Investors Weigh In On Caledonia Mining

Several institutional investors and hedge funds have recently modified their holdings of CMCL. Advisor Group Holdings Inc. increased its position in Caledonia Mining by 72.3% in the first quarter. Advisor Group Holdings Inc. now owns 9,053 shares of the company’s stock worth $138,000 after purchasing an additional 3,800 shares during the last quarter. LSV Asset Management purchased a new stake in Caledonia Mining in the first quarter worth $57,000. Dimensional Fund Advisors LP lifted its holdings in Caledonia Mining by 48.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 35,331 shares of the company’s stock valued at $537,000 after buying an additional 11,573 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Caledonia Mining by 16.6% in the first quarter. Renaissance Technologies LLC now owns 35,565 shares of the company’s stock valued at $541,000 after purchasing an additional 5,065 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Caledonia Mining during the 2nd quarter worth $139,000. Institutional investors own 20.13% of the company’s stock.

About Caledonia Mining

(Get Free Report)

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 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interest in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; Bilboes, gold deposit located to the north of Bulawayo, Zimbabwe; and Motapa, a gold exploration property located in Southern Zimbabwe.

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