Entrée Resources Ltd. (OTCMKTS:ERLFF) Sees Significant Drop in Short Interest

Entrée Resources Ltd. (OTCMKTS:ERLFF) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 43,200 shares, a decline of 17.6% from the January 31st total of 52,400 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is currently 1.1 days.

Entrée Resources Stock Performance

Shares of OTCMKTS ERLFF traded down $0.03 during midday trading on Thursday, hitting $1.63. 16,977 shares of the company’s stock traded hands, compared to its average volume of 18,999. The firm has a fifty day moving average of $1.77 and a 200 day moving average of $1.55. Entrée Resources has a 1 year low of $0.90 and a 1 year high of $1.91. The stock has a market capitalization of $338.27 million, a price-to-earnings ratio of -32.62 and a beta of 1.06.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded Entrée Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Entrée Resources Company Profile

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.