Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Down 30.6% in February

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 87,700 shares, a decrease of 30.6% from the February 13th total of 126,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 51,400 shares, the days-to-cover ratio is currently 1.7 days.

Solitario Resources Price Performance

XPL opened at $0.66 on Tuesday. The firm has a market capitalization of $53.35 million, a P/E ratio of -10.92 and a beta of 0.89. Solitario Resources has a 12 month low of $0.48 and a 12 month high of $0.98.

Institutional Investors Weigh In On Solitario Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of XPL. Millennium Management LLC acquired a new stake in Solitario Resources in the 4th quarter valued at $44,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Solitario Resources in the fourth quarter valued at about $90,000. National Bank of Canada FI raised its holdings in Solitario Resources by 57.1% during the fourth quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock worth $98,000 after acquiring an additional 60,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in Solitario Resources by 11.4% during the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 59,573 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in Solitario Resources during the fourth quarter valued at approximately $555,000. Institutional investors and hedge funds own 18.23% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a research report on Friday, February 7th.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.