B2Gold Corp. (NYSEAMERICAN:BTG) Sees Significant Growth in Short Interest

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 23,680,000 shares, an increase of 7.4% from the October 15th total of 22,040,000 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,220,000 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On B2Gold

A hedge fund recently raised its stake in B2Gold stock. BNP Paribas Financial Markets lifted its position in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 187.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,765 shares of the basic materials company’s stock after acquiring an additional 30,484 shares during the quarter. BNP Paribas Financial Markets’ holdings in B2Gold were worth $122,000 at the end of the most recent reporting period. 61.40% of the stock is owned by institutional investors.

B2Gold Stock Performance

B2Gold stock traded up $0.12 on Monday, reaching $2.81. The company’s stock had a trading volume of 12,785,061 shares, compared to its average volume of 12,636,120. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.99. The stock has a market capitalization of $3.67 billion, a P/E ratio of -93.47, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company’s fifty day moving average is $2.80. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.