International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Sees Significant Increase in Short Interest

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 242,400 shares, an increase of 34.2% from the March 31st total of 180,600 shares. Based on an average trading volume of 138,500 shares, the short-interest ratio is currently 1.8 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in International Tower Hill Mines stock. Atria Wealth Solutions Inc. grew its holdings in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,018 shares of the mining company’s stock after acquiring an additional 18,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 54.63% of the company’s stock.

International Tower Hill Mines Stock Performance

Shares of THM stock traded down $0.01 during trading on Tuesday, reaching $0.63. 3,339 shares of the company’s stock traded hands, compared to its average volume of 146,934. International Tower Hill Mines has a 1 year low of $0.31 and a 1 year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last issued its earnings results on Friday, March 8th. The mining company reported ($0.01) EPS for the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on International Tower Hill Mines in a report on Tuesday. They set a “sell” rating for the company.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.