Seabridge Gold Inc. (NYSE:SA) Short Interest Update

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 2,190,000 shares, a decline of 25.5% from the November 15th total of 2,940,000 shares. Based on an average trading volume of 525,700 shares, the days-to-cover ratio is currently 4.2 days. Approximately 2.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a research report on Monday, August 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. ORG Partners LLC boosted its stake in Seabridge Gold by 735.6% in the 3rd quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after buying an additional 1,655 shares during the last quarter. US Bancorp DE raised its holdings in shares of Seabridge Gold by 116.7% during the 3rd quarter. US Bancorp DE now owns 2,232 shares of the basic materials company’s stock valued at $37,000 after buying an additional 1,202 shares during the period. Signaturefd LLC grew its position in Seabridge Gold by 66.9% in the third quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,112 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Seabridge Gold by 33.4% during the second quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 1,871 shares during the period. Finally, Oxbow Advisors LLC purchased a new position in shares of Seabridge Gold in the second quarter valued at $141,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock traded down $0.31 on Friday, reaching $13.39. 359,378 shares of the stock were exchanged, compared to its average volume of 513,949. The business has a fifty day moving average price of $16.12 and a two-hundred day moving average price of $15.96. Seabridge Gold has a 1-year low of $9.31 and a 1-year high of $20.55. The firm has a market capitalization of $1.22 billion, a PE ratio of -54.80 and a beta of 1.07. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59.

Seabridge Gold Company Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.