Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Update

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,170,000 shares, a decline of 28.7% from the March 15th total of 1,640,000 shares. Based on an average trading volume of 553,300 shares, the short-interest ratio is currently 2.1 days. Currently, 1.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Raymond James reiterated a “market perform” rating on shares of Trilogy Metals in a report on Monday, March 24th.

Institutional Investors Weigh In On Trilogy Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd raised its holdings in shares of Trilogy Metals by 235.5% in the fourth quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock valued at $56,000 after acquiring an additional 33,636 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Trilogy Metals by 85.7% during the third quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock valued at $65,000 after purchasing an additional 61,683 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new position in Trilogy Metals during the fourth quarter valued at approximately $119,000. Two Sigma Advisers LP bought a new stake in Trilogy Metals during the 4th quarter valued at $221,000. Finally, Two Sigma Investments LP purchased a new position in shares of Trilogy Metals in the 4th quarter valued at $416,000. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN TMQ opened at $1.41 on Friday. The business’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.11. Trilogy Metals has a fifty-two week low of $0.35 and a fifty-two week high of $2.09. The company has a market cap of $231.16 million, a price-to-earnings ratio of -28.20 and a beta of 1.54.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.