Titan Mining Corporation (NYSEAMERICAN:TII – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,474,739 shares, a decrease of 42.0% from the June 30th total of 2,544,359 shares. Based on an average trading volume of 560,147 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.5% of the company’s shares are short sold.
Institutional Trading of Titan Mining
Several large investors have recently added to or reduced their stakes in TII. Thoroughbred Financial Services LLC purchased a new position in Titan Mining in the fourth quarter valued at about $35,000. World Investment Advisors purchased a new stake in shares of Titan Mining in the first quarter worth about $36,000. HighTower Advisors LLC acquired a new stake in shares of Titan Mining in the fourth quarter valued at about $51,000. Commonwealth Equity Services LLC acquired a new stake in shares of Titan Mining in the fourth quarter valued at about $56,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Titan Mining in the fourth quarter valued at about $78,000.
Titan Mining Stock Down 1.5%
Shares of TII stock opened at $1.96 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.48 and a current ratio of 0.68. Titan Mining has a fifty-two week low of $1.25 and a fifty-two week high of $5.65. The firm’s 50 day simple moving average is $2.20.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a “buy” rating and set a $6.50 price objective on shares of Titan Mining in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Titan Mining currently has an average rating of “Moderate Buy” and an average target price of $6.50.
Get Our Latest Research Report on Titan Mining
About Titan Mining
Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016.
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