Short Interest in Solitario Resources Corp. (NYSEAMERICAN:XPL) Increases By 141.6%

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 82,279 shares, an increase of 141.6% from the December 31st total of 34,057 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 262,382 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 262,382 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Solitario Resources Stock Down 2.5%

XPL stock traded down $0.02 during trading on Friday, reaching $0.78. 654,722 shares of the company’s stock were exchanged, compared to its average volume of 444,774. Solitario Resources has a 1-year low of $0.54 and a 1-year high of $0.90. The firm has a market cap of $70.88 million, a PE ratio of -13.00 and a beta of 0.40. The company’s fifty day moving average price is $0.68 and its 200-day moving average price is $0.70.

Institutional Trading of Solitario Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in XPL. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Solitario Resources in the 3rd quarter worth approximately $35,000. Citadel Advisors LLC bought a new stake in Solitario Resources during the third quarter worth approximately $194,000. Finally, Focused Wealth Management Inc lifted its position in Solitario Resources by 7.0% in the fourth quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 40,000 shares during the period. 18.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Solitario Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1.20.

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.