Could Asanko Gold Inc (NYSEAMERICAN:AKG) Change Direction After Less Shorts?

June 17, 2018 - By Nellie Frank

The stock of Asanko Gold Inc (NYSEAMERICAN:AKG) registered a decrease of 0.57% in short interest. AKG’s total short interest was 1.34M shares in June as published by FINRA. Its down 0.57% from 1.35 million shares, reported previously. With 737,300 shares average volume, it will take short sellers 2 days to cover their AKG’s short positions. The short interest to Asanko Gold Inc’s float is 0.72%.

The stock increased 2.65% or $0.03 during the last trading session, reaching $1.16. About 2.13 million shares traded or 164.87% up from the average. Asanko Gold Inc. (NYSEAMERICAN:AKG) has declined 40.20% since June 17, 2017 and is downtrending. It has underperformed by 52.77% the S&P500.

Asanko Gold Inc. engages in the exploration, development, and production of gold properties. The company has market cap of $265.52 million. The Company’s principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa. It currently has negative earnings. The firm was formerly known as Keegan Resources Inc. and changed its name to Asanko Gold Inc. in February 2013.

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