EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Up 237.4% in October

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 146,100 shares, an increase of 237.4% from the September 30th total of 43,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 270,800 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On EMX Royalty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of EMX Royalty during the 2nd quarter valued at $33,000. Kings Path Partners LLC bought a new stake in EMX Royalty in the 2nd quarter worth $33,000. Virtu Financial LLC grew its holdings in EMX Royalty by 509.6% in the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock worth $199,000 after acquiring an additional 96,508 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in EMX Royalty by 817.6% in the 1st quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock worth $27,000 after acquiring an additional 13,900 shares during the last quarter. Institutional investors own 21.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EMX shares. HC Wainwright upped their price target on shares of EMX Royalty from $6.50 to $6.75 and gave the company a “buy” rating in a research note on Wednesday. National Bank Financial started coverage on shares of EMX Royalty in a research note on Tuesday. They set an “outperform” rating on the stock.

EMX Royalty Price Performance

Shares of NYSEAMERICAN:EMX traded down $0.03 during trading on Friday, reaching $1.93. The company had a trading volume of 258,026 shares, compared to its average volume of 284,208. The firm has a market capitalization of $217.91 million, a price-to-earnings ratio of -64.17 and a beta of 0.84. EMX Royalty has a 12 month low of $1.41 and a 12 month high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last released its earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. The business had revenue of $6.01 million for the quarter. As a group, equities research analysts expect that EMX Royalty will post -0.03 EPS for the current year.

EMX Royalty Company Profile

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.