Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Update

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 126,400 shares, an increase of 34.6% from the January 31st total of 93,900 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 52,200 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and issued a $1.20 price objective on shares of Solitario Resources in a research report on Friday, February 7th.

Hedge Funds Weigh In On Solitario Resources

Large investors have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in Solitario Resources in the 4th quarter valued at about $44,000. Total Wealth Planning & Management Inc. acquired a new stake in Solitario Resources in the 4th quarter valued at about $90,000. National Bank of Canada FI lifted its stake in Solitario Resources by 57.1% in the 4th quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 60,000 shares during the last quarter. Focused Wealth Management Inc lifted its stake in Solitario Resources by 19.3% in the 3rd quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company’s stock valued at $260,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Solitario Resources by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 59,573 shares during the last quarter. 18.23% of the stock is currently owned by institutional investors and hedge funds.

Solitario Resources Price Performance

Solitario Resources stock opened at $0.64 on Thursday. Solitario Resources has a one year low of $0.46 and a one year high of $0.98. The stock has a market cap of $51.71 million, a PE ratio of -10.58 and a beta of 0.89.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.