Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Down 47.8% in August
by Mitch Edgeman · The Markets DailySolitario Resources Corp. (NYSEAMERICAN:XPL – Get Free Report) (TSE:SLR) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 66,382 shares, a decrease of 47.8% from the August 15th total of 127,128 shares. Based on an average trading volume of 84,842 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.
Solitario Resources Stock Down 2.1%
Shares of NYSEAMERICAN XPL traded down $0.01 during midday trading on Wednesday, hitting $0.60. The stock had a trading volume of 156,831 shares, compared to its average volume of 229,439. The stock has a 50 day simple moving average of $0.73 and a 200-day simple moving average of $0.79. The company has a market capitalization of $56.53 million, a PE ratio of -9.95 and a beta of 0.48. Solitario Resources has a 1 year low of $0.53 and a 1 year high of $0.98.
Solitario Resources (NYSEAMERICAN:XPL – Get Free Report) (TSE:SLR) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). As a group, analysts expect that Solitario Resources will post -0.05 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Solitario Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $1.20.
Check Out Our Latest Research Report on XPL
Institutional Trading of Solitario Resources
Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in Solitario Resources during the second quarter worth approximately $80,000. Total Wealth Planning & Management Inc. purchased a new position in shares of Solitario Resources during the 4th quarter worth $130,000. Focused Wealth Management Inc raised its holdings in shares of Solitario Resources by 24.9% during the 1st quarter. Focused Wealth Management Inc now owns 762,900 shares of the basic materials company’s stock worth $626,000 after acquiring an additional 152,000 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Solitario Resources by 24.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,612,399 shares of the basic materials company’s stock valued at $1,322,000 after acquiring an additional 316,693 shares during the last quarter. Institutional investors and hedge funds own 18.23% of the company’s stock.
About Solitario Resources
Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.
The company’s project portfolio includes a range of properties across North and South America.