Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Down 47.8% in August

Solitario Resources Corp. (NYSEAMERICAN:XPLGet Free Report) (TSE:SLR) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 66,382 shares, a decline of 47.8% from the August 15th total of 127,128 shares. Based on an average trading volume of 84,842 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Solitario Resources currently has an average rating of “Moderate Buy” and an average price target of $1.20.

Read Our Latest Stock Report on XPL

Institutional Trading of Solitario Resources

Several large investors have recently modified their holdings of XPL. GSA Capital Partners LLP bought a new position in Solitario Resources in the second quarter valued at about $80,000. Total Wealth Planning & Management Inc. purchased a new position in Solitario Resources in the fourth quarter worth about $130,000. Focused Wealth Management Inc grew its stake in shares of Solitario Resources by 24.9% during the 1st quarter. Focused Wealth Management Inc now owns 762,900 shares of the basic materials company’s stock valued at $626,000 after purchasing an additional 152,000 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Solitario Resources by 24.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,612,399 shares of the basic materials company’s stock valued at $1,322,000 after purchasing an additional 316,693 shares during the period. Institutional investors own 18.23% of the company’s stock.

Solitario Resources Stock Up 2.3%

Shares of NYSEAMERICAN XPL traded up $0.01 during trading on Tuesday, reaching $0.61. 113,188 shares of the company traded hands, compared to its average volume of 226,783. The firm has a 50 day simple moving average of $0.73 and a 200-day simple moving average of $0.79. Solitario Resources has a 52-week low of $0.53 and a 52-week high of $0.98. The stock has a market capitalization of $57.72 million, a PE ratio of -10.16 and a beta of 0.48.

Solitario Resources (NYSEAMERICAN:XPLGet Free Report) (TSE:SLR) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). As a group, research analysts predict that Solitario Resources will post -0.05 EPS for the current year.

Solitario Resources Company Profile

(Get Free Report)

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.

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