Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Sees Large Increase in Short Interest

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 705,900 shares, a growth of 10.4% from the January 15th total of 639,600 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily trading volume, of 208,200 shares, the days-to-cover ratio is currently 3.4 days.

Idaho Strategic Resources Stock Down 8.8 %

Shares of IDR traded down €1.24 ($1.31) during midday trading on Monday, reaching €12.86 ($13.54). 262,100 shares of the stock were exchanged, compared to its average volume of 159,438. Idaho Strategic Resources has a twelve month low of €6.50 ($6.84) and a twelve month high of €18.35 ($19.32). The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52. The company has a market capitalization of $175.67 million, a P/E ratio of 25.22 and a beta of 0.80.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Eastern Bank bought a new position in shares of Idaho Strategic Resources in the third quarter worth $40,000. Quantbot Technologies LP bought a new position in shares of Idaho Strategic Resources in the third quarter worth $79,000. WR Wealth Planners LLC increased its position in shares of Idaho Strategic Resources by 114.9% in the fourth quarter. WR Wealth Planners LLC now owns 8,430 shares of the company’s stock worth $86,000 after purchasing an additional 4,507 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Idaho Strategic Resources in the third quarter worth $90,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Idaho Strategic Resources in the fourth quarter valued at about $131,000. Institutional investors own 8.70% of the company’s stock.

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.