Solaris Resources Inc. (NYSEAMERICAN:SLSR) Short Interest Update

Solaris Resources Inc. (NYSEAMERICAN:SLSR) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 430,138 shares, a drop of 21.3% from the December 15th total of 546,809 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 128,710 shares, the short-interest ratio is currently 3.3 days. Based on an average daily volume of 128,710 shares, the short-interest ratio is currently 3.3 days. Approximately 0.3% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price target on shares of Solaris Resources from $13.00 to $13.50 and gave the stock a “buy” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Solaris Resources Trading Up 1.9%

Shares of SLSR traded up $0.17 during mid-day trading on Tuesday, hitting $8.98. The company’s stock had a trading volume of 63,323 shares, compared to its average volume of 136,627. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -25.70 and a beta of 0.50. Solaris Resources has a 52-week low of $2.50 and a 52-week high of $9.42. The company’s 50-day moving average is $7.78 and its 200-day moving average is $6.37.

Institutional Investors Weigh In On Solaris Resources

Several institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in shares of Solaris Resources in the 3rd quarter valued at $38,000. Farther Finance Advisors LLC acquired a new stake in Solaris Resources during the third quarter valued at $38,000. Raymond James Financial Inc. acquired a new position in Solaris Resources in the 2nd quarter worth about $38,000. Jane Street Group LLC acquired a new position in shares of Solaris Resources during the 2nd quarter worth approximately $97,000. Finally, National Bank of Canada FI lifted its holdings in Solaris Resources by 133.1% during the third quarter. National Bank of Canada FI now owns 19,577 shares of the company’s stock valued at $118,000 after purchasing an additional 11,178 shares in the last quarter.

Solaris Resources Company Profile

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.