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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 1,450,000 shares, a decline of 19.9% from the November 30th total of 1,810,000 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.5% of the company’s stock are short sold.

Institutional Trading of Trilogy Metals

Several institutional investors have recently bought and sold shares of the business. Old West Investment Management LLC increased its stake in shares of Trilogy Metals by 54.6% during the second quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company’s stock worth $1,549,000 after purchasing an additional 1,094,842 shares in the last quarter. Wexford Capital LP increased its stake in Trilogy Metals by 90.2% during the 3rd quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock worth $2,214,000 after buying an additional 2,169,593 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings 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 acquiring an additional 61,683 shares during the last quarter. 16.75% of the stock is owned by institutional investors and hedge funds.

Trilogy Metals Stock Up 1.8 %

Shares of Trilogy Metals stock traded up $0.02 during midday trading on Monday, hitting $1.14. The company had a trading volume of 205,529 shares, compared to its average volume of 621,887. The firm has a market capitalization of $183.64 million, a P/E ratio of -19.00 and a beta of 1.59. Trilogy Metals has a 12-month low of $0.25 and a 12-month high of $1.40.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its earnings results on Wednesday, October 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). As a group, research analysts anticipate that Trilogy Metals will post -0.04 earnings per share for the current fiscal year.

About Trilogy Metals

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.