Versamet Royalties Corporation (NASDAQ:VMET) Short Interest Update

Versamet Royalties Corporation (NASDAQ:VMET) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 315,852 shares, a growth of 73.3% from the May 31st total of 182,232 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 263,450 shares, the short-interest ratio is currently 1.2 days.

Versamet Royalties Price Performance

Shares of NASDAQ VMET opened at $11.82 on Friday. The firm has a 50-day simple moving average of $12.10. The firm has a market capitalization of $1.28 billion and a PE ratio of 36.94. Versamet Royalties has a 52 week low of $5.40 and a 52 week high of $15.58.

Versamet Royalties (NASDAQ:VMET) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $23.97 million for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Versamet Royalties to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen raised shares of Versamet Royalties to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research upgraded Versamet Royalties to a “hold” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings assumed coverage on Versamet Royalties in a report on Tuesday, April 7th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Versamet Royalties presently has an average rating of “Hold”.