International Tower Hill Mines Ltd. (NYSE:THM) Short Interest Update

International Tower Hill Mines Ltd. (NYSE:THM) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 309,500 shares, adropof25.7% from the July 15th total of 416,800 shares. Based on an average daily volume of 403,200 shares, the days-to-cover ratio is currently 0.8 days. Approximately0.2% of the shares of the stock are sold short. Approximately0.2% of the shares of the stock are sold short. Based on an average daily volume of 403,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of International Tower Hill Mines

Several institutional investors have recently made changes to their positions in the business. XTX Topco Ltd grew its position in shares of International Tower Hill Mines by 97.7% during the second quarter. XTX Topco Ltd now owns 59,074 shares of the company’s stock worth $51,000 after purchasing an additional 29,186 shares in the last quarter. Marshall Wace LLP bought a new position in International Tower Hill Mines during the second quarter valued at approximately $32,000. Virtu Financial LLC boosted its stake in International Tower Hill Mines by 199.7% during the first quarter. Virtu Financial LLC now owns 85,261 shares of the company’s stock valued at $54,000 after buying an additional 56,814 shares during the last quarter. Captrust Financial Advisors bought a new position in International Tower Hill Mines during the second quarter valued at approximately $69,000. Finally, Jane Street Group LLC bought a new position in International Tower Hill Mines during the second quarter valued at approximately $77,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

International Tower Hill Mines Trading Up 10.2%

NYSE:THM opened at $1.41 on Friday. International Tower Hill Mines has a 12-month low of $0.4025 and a 12-month high of $1.49. The stock has a 50-day moving average price of $1.08 and a 200 day moving average price of $0.81. The stock has a market capitalization of $293.12 million, a P/E ratio of -70.50 and a beta of 0.43.

About International Tower Hill Mines

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.