Time to Reconsider Banro Corporation (NYSEAMERICAN:BAA) After Less Short Sellers?

February 7, 2018 - By Vivian Park

 Time to Reconsider Banro Corporation (NYSEAMERICAN:BAA) After Less Short Sellers?

The stock of Banro Corporation (NYSEAMERICAN:BAA) registered a decrease of 10.41% in short interest. BAA’s total short interest was 574,600 shares in February as published by FINRA. Its down 10.41% from 641,400 shares, reported previously. With 3.86 million shares average volume, it will take short sellers 0 days to cover their BAA’s short positions.

It closed at $0.11 lastly. It is down 74.24% since February 7, 2017 and is downtrending. It has underperformed by 90.94% the S&P500.

Banro Corporation, together with its subsidiaries, engages in the exploration, development, and production of mineral properties in the Democratic Republic of the Congo. The company has market cap of $11.39 million. It primarily explores for gold. It currently has negative earnings. The firm holds interest in 4 gold properties, including Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of approximately 2,616 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.

More important recent Banro Corporation (NYSEAMERICAN:BAA) news were published by: Streetinsider.com which released: “Banro Corporation (BAA) Announces Support Agreement for Recapitalization …” on December 22, 2017, also Seekingalpha.com published article titled: “When Things Go Wrong – Banro Corp. Case Study”, Seekingalpha.com published: “Banro Corp.’s Future Looks Gloomy” on May 18, 2016. More interesting news about Banro Corporation (NYSEAMERICAN:BAA) was released by: Seekingalpha.com and their article: “Banro -44% on going concern doubts” with publication date: November 13, 2017.

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