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What is the Short Interest on IAMGOLD Corporation (NYSE:IAG) Stock? Traders Make Their Bets

According to the latest stock data, investors are looking at IAMGOLD Corporation (NYSE:IAG)’s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The firm has 1.71% of total shares float short, yielding a short ratio of 1.27.

There is no easy answer when attempting to address the tough question of how to best approach the equity market, especially when facing a turbulent investing climate. There are many different schools of thought when it comes to stock trading. Investors may have to first gauge their appetite for risk in order to build a solid platform on which to construct a legitimate strategy. The wealth of available information has made the road a bit smoother to travel for amateur investors. Making the transition to the next level is most likely on the minds of many dedicated investors. Tracking technicals and fundamentals may also help provide a roadmap to help separate the contenders from the pretenders. As we head into the second half of the year, it remains to be seen which way the market will lean. Investors may have to do all the necessary homework in order to find stocks that will thrive under any market conditions. 

Investing in the stock market often requires individuals to gauge how much risk they are willing to take on for potential reward. Piling on too much risk can put the investor out of their comfort zone. On the flip side, taking on too little risk may not provide the opportunity to receive enough returns to achieve previously stated goals. Finding that perfect balance may come with some first-hand experience that includes some trial and error. 

They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin.  The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. 

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Let’s take a look at how the stock has been performing recently.  Over the past twelve months, IAMGOLD Corporation (NYSE:IAG)’s stock was -9.51%.  Over the last week of the month, it was -14.62%, 41.10% over the last quarter, and  -2.92% for the past six months. 

Over the past 50 days, IAMGOLD Corporation stock’s -18.37% off of the high and 30.77% removed from the low.  Their 52-Week High and Low are noted here.  -28.65% away from the high and 49.12% from the low. 

The consensus analysts recommendation at this point stands at 2.20 on IAMGOLD Corporation (NYSE:IAG).  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The same analysts are predicting that the company shares will trade to $7.65 within the next 12-18 months. 

There is no shortage of financial news and opinions as we live in the age of the 24 hour news cycle. Headlines and expert opinions seem to be around every corner when dealing with the stock market. Trying to keep up with all the swirling news can make ones head spin. Even though there may be some significant news mixed in, a lot of the headlines may not be worth paying much attention to. Figuring out what information is useful may take some time for the investor to figure out. Once the filter is in place, investors may find it much easier to focus on the important data. Making investment decisions solely based on news headlines may end up causing the portfolio to suffer down the line. 

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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