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

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 126,400 shares, an increase of 34.6% from the January 31st total of 93,900 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 52,200 shares, the short-interest ratio is presently 2.4 days.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a research note on Friday, February 7th.

Hedge Funds Weigh In On Solitario Resources

Several hedge funds have recently bought and sold shares of the company. Lido Advisors LLC acquired a new stake in shares of Solitario Resources during the fourth quarter valued at about $555,000. Total Wealth Planning & Management Inc. bought a new position in Solitario Resources in the 4th quarter valued at approximately $90,000. Millennium Management LLC acquired a new stake in Solitario Resources during the 4th quarter worth approximately $44,000. Focused Wealth Management Inc lifted its holdings in shares of Solitario Resources by 19.3% during the third quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 60,000 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Solitario Resources by 57.1% in the 4th quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock valued at $98,000 after buying an additional 60,000 shares during the last quarter. 18.23% of the stock is owned by institutional investors.

Solitario Resources Stock Performance

Shares of NYSEAMERICAN:XPL opened at $0.65 on Tuesday. The company has a market cap of $52.94 million, a P/E ratio of -10.83 and a beta of 0.89. Solitario Resources has a 1 year low of $0.46 and a 1 year high of $0.98.

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.