Short Interest in Solaris Resources Inc. (NYSEAMERICAN:SLSR) Drops By 38.8%

Solaris Resources Inc. (NYSEAMERICAN:SLSR) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 546,809 shares, a decline of 38.8% from the November 30th total of 892,910 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 80,142 shares, the short-interest ratio is currently 6.8 days. Based on an average daily volume of 80,142 shares, the short-interest ratio is currently 6.8 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of Solaris Resources

Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP bought a new stake in shares of Solaris Resources in the third quarter worth $180,000. Public Employees Retirement System of Ohio bought a new position in Solaris Resources during the 3rd quarter valued at $123,000. National Bank of Canada FI grew its holdings in Solaris Resources by 133.1% during the 3rd quarter. National Bank of Canada FI now owns 19,577 shares of the company’s stock worth $118,000 after acquiring an additional 11,178 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Solaris Resources during the 3rd quarter worth $15,017,000. Finally, Citadel Advisors LLC increased its position in shares of Solaris Resources by 44.1% in the 3rd quarter. Citadel Advisors LLC now owns 53,996 shares of the company’s stock worth $344,000 after purchasing an additional 16,513 shares during the last quarter.

Solaris Resources Stock Performance

NYSEAMERICAN SLSR traded up $0.14 during mid-day trading on Tuesday, reaching $8.05. 122,881 shares of the stock were exchanged, compared to its average volume of 98,986. The stock has a market capitalization of $1.34 billion, a PE ratio of -23.00 and a beta of 0.46. Solaris Resources has a 1-year low of $2.50 and a 1-year high of $8.39. The business’s fifty day simple moving average is $7.24 and its 200 day simple moving average is $6.00.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on Solaris Resources from $13.00 to $13.50 and gave the stock a “buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solaris Resources presently has an average rating of “Moderate Buy” and an average price target of $13.50.

About Solaris Resources

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.