Can A-mark Precious Metals Inc (NASDAQ:AMRK)’s Tomorrow be Different? The Stock Had Increase in Shorts

June 18, 2018 - By Marguerite Chambers

The stock of A-mark Precious Metals Inc (NASDAQ:AMRK) registered an increase of 0.89% in short interest. AMRK’s total short interest was 34,100 shares in June as published by FINRA. Its up 0.89% from 33,800 shares, reported previously. With 7,200 shares average volume, it will take short sellers 5 days to cover their AMRK’s short positions. The short interest to A-mark Precious Metals Inc’s float is 0.74%.

The stock decreased 0.36% or $0.05 during the last trading session, reaching $13.88. About 3,546 shares traded. A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has declined 15.49% since June 18, 2017 and is downtrending. It has underperformed by 28.06% the S&P500.

A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading firm worldwide. The company has market cap of $97.60 million. The firm offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints. It has a 113.77 P/E ratio. It also provides loans on precious metals, and rare coins and other collectibles collateral to coin dealers, collectors, and investors; storage solutions for precious metals and numismatic coins for financial institutions, dealers, investors, and collectors; and a range of logistics services, including storage, shipping, handling, receiving, processing, and inventorying of precious metals and custom coins.

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Ratings Coverage

Among 2 analysts covering A-Mark Precious Metals (NASDAQ:AMRK), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. A-Mark Precious Metals has $17 highest and $16 lowest target. $16.50’s average target is 18.88% above currents $13.88 stock price. A-Mark Precious Metals had 2 analyst reports since February 9, 2018 according to SRatingsIntel. B. Riley & Co maintained A-Mark Precious Metals, Inc. (NASDAQ:AMRK) on Friday, February 9 with “Neutral” rating. The firm has “Neutral” rating by FBR Capital given on Wednesday, May 9.

More recent A-Mark Precious Metals, Inc. (NASDAQ:AMRK) news were published by: Nasdaq.com which released: “A-Mark Precious Metals Sets Financial Conference Schedule for May and June 2018” on May 21, 2018. Also Nasdaq.com published the news titled: “Market Trends Toward New Normal in Cheniere Energy Partners, LP, UnitedHealth Group, Anthem, Sage Therapeutics …” on June 12, 2018. Digitaljournal.com‘s news article titled: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of A-Mark Precious Metals, Inc. Investors (AMRK)” with publication date: June 02, 2018 was also an interesting one.

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