Solitario Resources Corp. (NYSEAMERICAN:XPL) Sees Significant Increase in Short Interest

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 217,600 shares, a growth of 19.7% from the August 31st total of 181,800 shares. Based on an average daily trading volume, of 85,300 shares, the short-interest ratio is presently 2.6 days. Approximately 0.3% of the company’s stock are sold short.

Solitario Resources Trading Up 1.3 %

Shares of XPL stock traded up $0.01 during trading hours on Monday, reaching $0.70. 67,442 shares of the stock were exchanged, compared to its average volume of 100,935. The stock has a market cap of $57.01 million, a PE ratio of -11.51 and a beta of 0.92. Solitario Resources has a 12-month low of $0.43 and a 12-month high of $0.98.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Sell-side analysts forecast that Solitario Resources will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XPL. Focused Wealth Management Inc increased its position in Solitario Resources by 75.9% during the 1st quarter. Focused Wealth Management Inc now owns 175,900 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 75,900 shares during the period. U S Global Investors Inc. bought a new position in Solitario Resources in the second quarter worth approximately $266,000. Finally, Renaissance Technologies LLC raised its stake in Solitario Resources by 11.1% in the second quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company’s stock worth $769,000 after buying an additional 86,854 shares in the last quarter. 18.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on XPL shares. Roth Mkm started coverage on Solitario Resources in a report on Monday, June 10th. They issued a “buy” rating and a $2.00 price objective for the company. Roth Capital raised shares of Solitario Resources to a “strong-buy” rating in a report on Monday, June 10th. Finally, HC Wainwright lifted their target price on Solitario Resources from $1.10 to $1.20 and gave the company a “buy” rating in a research note on Wednesday, August 21st.

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.