Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Update

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 145,200 shares, a decrease of 31.5% from the September 15th total of 212,000 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 186,200 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 186,200 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in Solitario Resources during the 1st quarter worth $31,000. National Bank of Canada FI increased its position in Solitario Resources by 54.5% during the 1st quarter. National Bank of Canada FI now owns 255,000 shares of the basic materials company’s stock worth $153,000 after buying an additional 90,000 shares during the period. Finally, Focused Wealth Management Inc grew its holdings in shares of Solitario Resources by 27.0% during the 1st quarter. Focused Wealth Management Inc now owns 470,900 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors own 18.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a research note on Thursday, August 21st. Zacks Research raised Solitario Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of $1.20.

Solitario Resources Trading Down 0.4%

XPL opened at $0.77 on Friday. Solitario Resources has a 1-year low of $0.54 and a 1-year high of $0.90. The stock’s fifty day simple moving average is $0.75 and its 200 day simple moving average is $0.68. The stock has a market cap of $69.55 million, a PE ratio of -11.02 and a beta of 0.51.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.