Short Interest in Skeena Resources Limited (NYSE:SKE) Declines By 21.4%

Skeena Resources Limited (NYSE:SKE) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 3,190,000 shares, a drop of 21.4% from the February 28th total of 4,060,000 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average trading volume of 324,000 shares, the short-interest ratio is presently 9.8 days.

Institutional Trading of Skeena Resources

A number of institutional investors and hedge funds have recently modified their holdings of SKE. Mackenzie Financial Corp boosted its position in shares of Skeena Resources by 4.3% during the fourth quarter. Mackenzie Financial Corp now owns 42,003 shares of the company’s stock valued at $365,000 after buying an additional 1,742 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Skeena Resources in the fourth quarter worth approximately $31,000. FNY Investment Advisers LLC grew its holdings in shares of Skeena Resources by 2,252.9% in the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock worth $34,000 after acquiring an additional 3,830 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Skeena Resources by 30.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,523 shares of the company’s stock valued at $144,000 after purchasing an additional 3,878 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Skeena Resources by 6.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,480 shares of the company’s stock valued at $597,000 after buying an additional 3,878 shares during the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

NYSE SKE traded down $0.17 during mid-day trading on Wednesday, reaching $9.92. The stock had a trading volume of 660,665 shares, compared to its average volume of 354,241. The stock has a market cap of $1.12 billion, a PE ratio of -7.24 and a beta of 1.29. Skeena Resources has a 1 year low of $4.10 and a 1 year high of $11.74. The company has a fifty day moving average price of $10.24 and a 200 day moving average price of $9.50.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.