Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Up 30.5% in May

Integra Resources Corp. (NYSEAMERICAN:ITRG) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 998,900 shares, an increase of 30.5% from the April 30th total of 765,200 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 948,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Integra Resources

Hedge funds have recently bought and sold shares of the company. Rathbones Group PLC bought a new stake in Integra Resources during the 4th quarter valued at $28,000. Cambridge Investment Research Advisors Inc. purchased a new position in Integra Resources in the first quarter worth about $30,000. Virtu Financial LLC bought a new position in Integra Resources in the 1st quarter valued at approximately $34,000. Millennium Management LLC bought a new stake in Integra Resources in the 4th quarter worth about $39,000. Finally, Bank of America Corp DE raised its holdings in shares of Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock valued at $41,000 after purchasing an additional 35,997 shares during the last quarter. Institutional investors own 26.67% of the company’s stock.

Integra Resources Stock Up 0.9%

NYSEAMERICAN ITRG traded up $0.02 on Wednesday, hitting $1.73. The stock had a trading volume of 121,461 shares, compared to its average volume of 439,432. The business has a 50-day moving average of $1.56. Integra Resources has a 52-week low of $0.79 and a 52-week high of $1.95. The company has a market capitalization of $290.78 million, a P/E ratio of -5.23 and a beta of 1.37.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $2.75 price objective on shares of Integra Resources in a research note on Wednesday, April 23rd.

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.