Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Up 43.0% in December

Integra Resources Corp. (NYSEAMERICAN:ITRG) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 623,200 shares, an increase of 43.0% from the November 30th total of 435,900 shares. Based on an average daily trading volume, of 267,400 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and set a $3.75 price target on shares of Integra Resources in a research report on Thursday, October 31st. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Cormark raised Integra Resources to a “moderate buy” rating in a research report on Monday, November 11th.

Integra Resources Stock Performance

Shares of NYSEAMERICAN ITRG traded down $0.02 during mid-day trading on Monday, hitting $0.87. The company had a trading volume of 99,632 shares, compared to its average volume of 175,773. The stock has a market cap of $146.00 million, a PE ratio of -2.62 and a beta of 1.35. Integra Resources has a 1 year low of $0.64 and a 1 year high of $1.28.

Institutional Trading of Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Renaissance Technologies LLC boosted its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,989 shares of the company’s stock after buying an additional 159,709 shares during the quarter. Renaissance Technologies LLC owned approximately 0.35% of Integra Resources worth $286,000 at the end of the most recent quarter. 26.67% of the stock is currently 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.