Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Update

Integra Resources Corp. (NYSEAMERICAN:ITRG) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 357,200 shares, an increase of 54.2% from the August 31st total of 231,600 shares. Based on an average daily volume of 135,000 shares, the short-interest ratio is presently 2.6 days. Currently, 0.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $3.75 target price on shares of Integra Resources in a research report on Tuesday, July 30th.

Integra Resources Stock Down 4.9 %

Shares of ITRG opened at $0.97 on Friday. Integra Resources has a fifty-two week low of $0.64 and a fifty-two week high of $1.13. The stock has a market capitalization of $85.81 million, a P/E ratio of -2.31 and a beta of 1.43.

Integra Resources (NYSEAMERICAN:ITRG) last posted its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Sell-side analysts expect that Integra Resources will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Integra Resources stock. Equinox Partners Investment Management LLC grew its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 26.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,815,130 shares of the company’s stock after acquiring an additional 1,857,264 shares during the period. Integra Resources accounts for approximately 5.2% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 6th largest holding. Equinox Partners Investment Management LLC owned 9.97% of Integra Resources worth $8,055,000 as of its most recent SEC filing. 26.67% of the stock is owned by institutional investors.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.