EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Up 86.4% in February

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 206,200 shares, a growth of 86.4% from the February 13th total of 110,600 shares. Based on an average daily trading volume, of 323,200 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

EMX Royalty Stock Performance

EMX stock remained flat at $1.85 during midday trading on Friday. The company had a trading volume of 247,664 shares, compared to its average volume of 304,745. The stock’s fifty day simple moving average is $1.77. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. EMX Royalty has a 12-month low of $1.59 and a 12-month high of $2.15. The firm has a market cap of $201.28 million, a PE ratio of -46.25 and a beta of 0.81.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price target on shares of EMX Royalty from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday.

Hedge Funds Weigh In On EMX Royalty

Several institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in EMX Royalty by 162.3% in the 4th quarter. Millennium Management LLC now owns 68,059 shares of the company’s stock valued at $118,000 after purchasing an additional 42,110 shares during the last quarter. Eagle Global Advisors LLC bought a new position in EMX Royalty in the 4th quarter valued at $201,000. BNP Paribas Financial Markets raised its position in EMX Royalty by 12.6% in the 4th quarter. BNP Paribas Financial Markets now owns 87,700 shares of the company’s stock valued at $152,000 after purchasing an additional 9,800 shares during the last quarter. Marshall Wace LLP bought a new position in EMX Royalty in the 4th quarter valued at $61,000. Finally, Investment Counsel Co. of Nevada bought a new position in EMX Royalty in the 4th quarter valued at $33,000. Institutional investors own 21.54% of the company’s stock.

About EMX Royalty

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.