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

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 136,249 shares, a decrease of 40.1% from the May 14th total of 227,519 shares. Based on an average trading volume of 213,173 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.20 price target on shares of Solitario Resources in a research note on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1.20.

Hedge Funds Weigh In On Solitario Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Solitario Resources in the third quarter valued at $35,000. XTX Topco Ltd lifted its holdings in Solitario Resources by 185.0% during the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 34,415 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Solitario Resources during the 4th quarter valued at $130,000. Citadel Advisors LLC acquired a new stake in Solitario Resources during the 3rd quarter valued at $194,000. Finally, Focused Wealth Management Inc lifted its holdings in Solitario Resources by 7.0% during the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 40,000 shares during the last quarter. 18.23% of the stock is owned by institutional investors.

Solitario Resources Stock Up 2.5%

Shares of NYSEAMERICAN:XPL traded up $0.02 during midday trading on Tuesday, hitting $0.80. The stock had a trading volume of 443,732 shares, compared to its average volume of 235,515. Solitario Resources has a 12 month low of $0.54 and a 12 month high of $0.98. The business’s 50-day simple moving average is $0.84 and its 200-day simple moving average is $0.78. The company has a market cap of $74.58 million, a P/E ratio of -16.03 and a beta of 0.43.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.