Banro Corporation (NYSEAMERICAN:BAA)’s Trend Up, Especially After Decreased Shorts

January 12, 2018 - By reb123z

 Banro Corporation (NYSEAMERICAN:BAA)’s Trend Up, Especially After Decreased Shorts

The stock of Banro Corporation (NYSEAMERICAN:BAA) registered a decrease of 10.41% in short interest. BAA’s total short interest was 574,600 shares in January as published by FINRA. Its down 10.41% from 641,400 shares, reported previously. With 3.86 million shares average volume, it will take short sellers 0 days to cover their BAA’s short positions.

It closed at $0.1055 lastly. It is down 74.24% since January 12, 2017 and is downtrending. It has underperformed by 90.94% the S&P500.

Banro Corporation, together with its subsidiaries, engages in the exploration, development, and production of mineral properties in the Democratic Republic of the Congo. The company has market cap of $11.39 million. It primarily explores for gold. It currently has negative earnings. The firm holds interest in 4 gold properties, including Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of approximately 2,616 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.

More notable recent Banro Corporation (NYSEAMERICAN:BAA) news were published by: Streetinsider.com which released: “Form 25-NSE BANRO CORP Filed by: NYSE AMERICAN LLC” on January 10, 2018, also Reuters.com with their article: “BRIEF-Banro provides update on Namoya mine” published on September 25, 2017, Seekingalpha.com published: “Banro -44% on going concern doubts” on November 13, 2017. More interesting news about Banro Corporation (NYSEAMERICAN:BAA) were released by: Streetinsider.com and their article: “Banro Corporation (BAA) Announces Support Agreement for Recapitalization …” published on December 22, 2017 as well as Juniorminingnetwork.com‘s news article titled: “Banro Corporation Completes Recapitalization Transactions” with publication date: April 19, 2017.

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