B2Gold Corp. (NYSEAMERICAN:BTG) Short Interest Update

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 22,040,000 shares, an increase of 7.9% from the September 30th total of 20,430,000 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 14,910,000 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of B2Gold

A number of institutional investors have recently modified their holdings of BTG. J.W. Cole Advisors Inc. bought a new stake in shares of B2Gold during the 1st quarter valued at $35,000. Primoris Wealth Advisors LLC bought a new stake in shares of B2Gold during the 1st quarter valued at $54,000. Headlands Technologies LLC lifted its position in shares of B2Gold by 31.5% during the 1st quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 6,174 shares during the period. Oxbow Advisors LLC bought a new stake in shares of B2Gold during the 1st quarter valued at $103,000. Finally, BNP Paribas Financial Markets lifted its position in shares of B2Gold by 187.2% during the 1st quarter. BNP Paribas Financial Markets now owns 46,765 shares of the basic materials company’s stock valued at $122,000 after acquiring an additional 30,484 shares during the period. 61.40% of the stock is currently owned by institutional investors.

B2Gold Price Performance

NYSEAMERICAN BTG traded down $0.11 on Thursday, reaching $3.32. The stock had a trading volume of 15,181,173 shares, compared to its average volume of 12,557,654. 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’s fifty day moving average is $2.78. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The stock has a market capitalization of $4.34 billion, a P/E ratio of -110.63, a P/E/G ratio of 1.65 and a beta of 1.10.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The firm had revenue of $492.57 million during the quarter. Research analysts predict that B2Gold will post 0.26 EPS for the current fiscal year.

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.