Time to Reconsider Asa Gold and Precious Metals Limited (NYSE:ASA) After More Short Sellers?

June 18, 2018 - By Kenneth Lin

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.82, from 1.82 in 2017Q4. It turned negative, as 6 investors sold ASA Gold and Precious Metals Limited shares while 7 reduced holdings. 6 funds opened positions while 7 raised stakes. 5.03 million shares or 5.53% less from 5.32 million shares in 2017Q4 were reported.
Morgan Stanley has invested 0% in ASA Gold and Precious Metals Limited (NYSE:ASA). Ionic Capital Management Limited Liability Corp invested in 0.04% or 65,882 shares. Stephens Ar owns 10,035 shares for 0% of their portfolio. Css Lc Il owns 0.05% invested in ASA Gold and Precious Metals Limited (NYSE:ASA) for 94,335 shares. Susquehanna Grp Llp holds 100,018 shares or 0% of its portfolio. Group One Trading L P stated it has 0% in ASA Gold and Precious Metals Limited (NYSE:ASA). Peak6 Lp stated it has 8,746 shares or 0% of all its holdings. Us Bancorp De reported 21 shares stake. Lazard Asset Mngmt Llc holds 0.05% in ASA Gold and Precious Metals Limited (NYSE:ASA) or 2.35 million shares. Bankshares Of Montreal Can invested 0% of its portfolio in ASA Gold and Precious Metals Limited (NYSE:ASA). Raymond James Associate reported 49,987 shares. Focused Wealth owns 0% invested in ASA Gold and Precious Metals Limited (NYSE:ASA) for 100 shares. State Bank Of America Corporation De owns 34,340 shares. Whittier Trust has invested 0% in ASA Gold and Precious Metals Limited (NYSE:ASA). Ws Mgmt Lllp stated it has 839,946 shares or 0.23% of all its holdings.

The stock of Asa Gold and Precious Metals Limited (NYSE:ASA) registered an increase of 29.52% in short interest. ASA’s total short interest was 29,400 shares in June as published by FINRA. Its up 29.52% from 22,700 shares, reported previously. With 79,600 shares average volume, it will take short sellers 0 days to cover their ASA’s short positions. The short interest to Asa Gold and Precious Metals Limited’s float is 0.15%.

The stock decreased 0.50% or $0.0517 during the last trading session, reaching $10.3083. About 99,798 shares traded or 23.91% up from the average. ASA Gold and Precious Metals Limited (NYSE:ASA) has declined 12.80% since June 18, 2017 and is downtrending. It has underperformed by 25.37% the S&P500.

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The company has market cap of $198.85 million. The firm invests in the public equity markets across the globe. It currently has negative earnings. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals.

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