Versamet Royalties Corporation (NASDAQ:VMET) Short Interest Up 195.2% in April

Versamet Royalties Corporation (NASDAQ:VMET – Get Free Report) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 159,785 shares, an increase of 195.2% from the April 15th total of 54,133 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 273,600 shares, the days-to-cover ratio is presently 0.6 days.

Versamet Royalties Stock Performance

NASDAQ VMET traded down $1.16 on Friday, reaching $11.11. 138,422 shares of the company were exchanged, compared to its average volume of 124,712. Versamet Royalties has a fifty-two week low of $5.40 and a fifty-two week high of $15.58. The firm has a market capitalization of $1.20 billion and a P/E ratio of 58.35.

Get Versamet Royalties alerts:

Versamet Royalties (NASDAQ:VMET – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The firm had revenue of $23.97 million for the quarter.

Analysts Set New Price Targets

VMET has been the topic of a number of research analyst reports. Weiss Ratings started coverage on Versamet Royalties in a report on Tuesday, April 7th. They issued a “sell (e)” rating on the stock. BMO Capital Markets raised Versamet Royalties to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen raised Versamet Royalties to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research upgraded Versamet Royalties to a “hold” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Check Out Our Latest Report on Versamet Royalties

See Also

• Five stocks we like better than Versamet Royalties
• Viking Sails to All-Time Highs—Fundamentals Signal More to Come
• Datavalut Gains Traction: 5 Reasons to Sell Now
• TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
• The Power Grid Is Dying—Is It Time to Buy Its Replacement?

Receive News & Ratings for Versamet Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versamet Royalties and related companies with MarketBeat.com's FREE daily email newsletter.