Short Interest in Platinum Group Metals Limited (PLG) Rises By 5.6%

Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 6,591,973 shares, an increase of 5.6% from the January 12th total of 6,243,327 shares. Based on an average daily volume of 1,160,060 shares, the days-to-cover ratio is presently 5.7 days. Currently, 4.5% of the company’s stock are short sold.

Platinum Group Metals (NYSEAMERICAN PLG) opened at $0.33 on Monday. Platinum Group Metals has a 52-week low of $0.28 and a 52-week high of $2.32. The firm has a market capitalization of $45.13, a PE ratio of -0.08 and a beta of 2.84.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last issued its earnings results on Wednesday, November 29th. The basic materials company reported $0.40 earnings per share for the quarter.

An institutional investor recently raised its position in Platinum Group Metals stock. Virtu KCG Holdings LLC boosted its holdings in Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 2,826.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 348,742 shares of the basic materials company’s stock after buying an additional 336,825 shares during the quarter. Virtu KCG Holdings LLC owned 0.23% of Platinum Group Metals worth $291,000 at the end of the most recent quarter.

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Platinum Group Metals Company Profile

Platinum Group Metals Ltd. is an exploration- and development-stage Company. The Company is focused on exploration and development of platinum. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada. Its business is focused on production ramp up at the Maseve Mine, and the exploration and initial engineering on the Waterberg platinum deposit, which includes the Waterberg Joint Venture Project (the Waterberg JV Project) and the adjoining Waterberg Extension Project.

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