Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Up 31.9% in September

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 319,700 shares, a growth of 31.9% from the September 15th total of 242,300 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 158,600 shares, the short-interest ratio is presently 2.0 days.

Idaho Strategic Resources Trading Down 2.3 %

IDR traded down €0.34 ($0.37) during trading on Tuesday, hitting €14.45 ($15.71). 418,700 shares of the stock were exchanged, compared to its average volume of 91,532. Idaho Strategic Resources has a 1 year low of €4.55 ($4.95) and a 1 year high of €17.25 ($18.75). The company has a quick ratio of 5.58, a current ratio of 6.01 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $187.27 million, a P/E ratio of 37.05 and a beta of 0.80.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its earnings results on Tuesday, July 30th. The company reported €0.17 ($0.18) EPS for the quarter, beating analysts’ consensus estimates of €0.07 ($0.08) by €0.10 ($0.11). Idaho Strategic Resources had a net margin of 26.69% and a return on equity of 22.07%. The business had revenue of €6.13 million for the quarter, compared to the consensus estimate of €5.20 million. Analysts forecast that Idaho Strategic Resources will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm raised their target price on shares of Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a report on Monday, August 26th.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of large investors have recently added to or reduced their stakes in IDR. WR Wealth Planners LLC increased its position in Idaho Strategic Resources by 145.2% during the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after buying an additional 2,323 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Idaho Strategic Resources during the second quarter valued at about $108,000. Salem Investment Counselors Inc. raised its position in shares of Idaho Strategic Resources by 30.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 17,354 shares of the company’s stock valued at $147,000 after purchasing an additional 4,000 shares during the last quarter. Brighton Jones LLC acquired a new stake in Idaho Strategic Resources in the 2nd quarter worth approximately $496,000. Finally, Renaissance Technologies LLC grew its position in Idaho Strategic Resources by 24.7% during the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock worth $599,000 after purchasing an additional 12,050 shares during the last quarter. 8.70% of the stock is currently owned by institutional investors.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.