Solaris Resources Inc. (NYSEAMERICAN:SLSR – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 888,780 shares, an increase of 104.6% from the July 15th total of 434,423 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 204,091 shares, the short-interest ratio is presently 4.4 days.
Solaris Resources Trading Down 0.5%
SLSR stock traded down $0.04 during trading on Friday, reaching $7.72. The stock had a trading volume of 71,551 shares, compared to its average volume of 164,776. The firm has a market cap of $1.29 billion, a PE ratio of -42.89 and a beta of 1.29. The stock’s 50 day moving average is $8.15 and its two-hundred day moving average is $9.15. Solaris Resources has a 52 week low of $4.89 and a 52 week high of $11.48.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in shares of Solaris Resources by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,009,441 shares of the company’s stock valued at $3,422,000 after buying an additional 14,824 shares in the last quarter. Amundi increased its holdings in Solaris Resources by 9.8% in the 2nd quarter. Amundi now owns 930,900 shares of the company’s stock worth $4,375,000 after acquiring an additional 82,770 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Solaris Resources in the 2nd quarter worth approximately $38,000. Jane Street Group LLC bought a new stake in Solaris Resources during the 2nd quarter worth approximately $97,000. Finally, Bank of America Corp DE raised its stake in Solaris Resources by 350.2% during the 2nd quarter. Bank of America Corp DE now owns 259,145 shares of the company’s stock worth $1,187,000 after acquiring an additional 201,582 shares during the period.
Solaris Resources Company Profile
Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.
The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.
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