Short Interest in ASA Gold and Precious Metals Limited (NYSE:ASA) Decreases By 46.7%

ASA Gold and Precious Metals Limited (NYSE:ASA) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 9,772 shares, a decline of 46.7% from the April 15th total of 18,321 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 47,000 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ASA Gold and Precious Metals currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Trading Down 6.4%

ASA traded down $4.47 on Friday, hitting $65.19. 76,282 shares of the company’s stock were exchanged, compared to its average volume of 58,505. ASA Gold and Precious Metals has a fifty-two week low of $28.05 and a fifty-two week high of $83.20. The firm has a 50-day moving average price of $65.56 and a 200-day moving average price of $62.15.

ASA Gold and Precious Metals Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, May 1st were paid a dividend of $0.04 per share. This represents a yield of 13.0%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASA. WHI TRUST Co LLC acquired a new stake in ASA Gold and Precious Metals during the 4th quarter worth $30,000. GHP Investment Advisors Inc. acquired a new stake in ASA Gold and Precious Metals during the 1st quarter worth $31,000. Group One Trading LLC acquired a new stake in ASA Gold and Precious Metals during the 1st quarter worth $50,000. Advisory Services Network LLC acquired a new stake in ASA Gold and Precious Metals during the 3rd quarter worth $55,000. Finally, Kestra Advisory Services LLC acquired a new stake in ASA Gold and Precious Metals during the 4th quarter worth $58,000.

ASA Gold and Precious Metals Company Profile

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.