International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Short Interest Up 34.2% in April

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 242,400 shares, an increase of 34.2% from the March 31st total of 180,600 shares. Based on an average daily volume of 138,500 shares, the short-interest ratio is presently 1.8 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on International Tower Hill Mines in a research report on Tuesday. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Atria Wealth Solutions Inc. increased its stake in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,018 shares of the mining company’s stock after purchasing an additional 18,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 54.63% of the company’s stock.

International Tower Hill Mines Price Performance

Shares of THM traded down $0.01 during midday trading on Tuesday, hitting $0.63. 3,339 shares of the stock traded hands, compared to its average volume of 146,934. International Tower Hill Mines has a 1-year low of $0.31 and a 1-year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its earnings results on Friday, March 8th. The mining company reported ($0.01) earnings per share for the quarter.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.