International Tower Hill Mines Ltd (THM) Short Interest Up 1.0% in February
International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 728,439 shares, an increase of 1.0% from the February 15th total of 720,916 shares. Based on an average trading volume of 168,680 shares, the short-interest ratio is presently 4.3 days.
International Tower Hill Mines stock opened at $0.57 on Thursday. International Tower Hill Mines has a 1-year low of $0.35 and a 1-year high of $0.78.
Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in International Tower Hill Mines by 9.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,234,678 shares of the mining company’s stock worth $590,000 after purchasing an additional 104,235 shares during the period. Old West Investment Management LLC raised its position in International Tower Hill Mines by 53.2% in the 4th quarter. Old West Investment Management LLC now owns 1,943,902 shares of the mining company’s stock worth $1,009,000 after purchasing an additional 674,732 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in International Tower Hill Mines in the 2nd quarter worth about $120,000.
International Tower Hill Mines Ltd., a mineral exploration company, acquires and explores for mineral properties Canada and the United States. It holds or has rights to acquire ownership or leasehold interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.
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