Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Down 30.6% in February

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 87,700 shares, a drop of 30.6% from the February 13th total of 126,400 shares. Based on an average daily trading volume, of 51,400 shares, the short-interest ratio is currently 1.7 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Solitario Resources

Several large investors have recently made changes to their positions in the company. Total Wealth Planning & Management Inc. bought a new stake in shares of Solitario Resources in the fourth quarter worth about $90,000. Millennium Management LLC bought a new stake in shares of Solitario Resources in the fourth quarter worth about $44,000. Lido Advisors LLC bought a new stake in shares of Solitario Resources in the fourth quarter worth about $555,000. National Bank of Canada FI increased its holdings in shares of Solitario Resources by 57.1% in the fourth quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Solitario Resources by 11.4% in the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 59,573 shares during the last quarter. 18.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a research note on Friday, February 7th.

Solitario Resources Trading Up 0.9 %

NYSEAMERICAN:XPL opened at $0.64 on Friday. The stock has a market cap of $52.13 million, a price-to-earnings ratio of -10.67 and a beta of 0.89. Solitario Resources has a 52 week low of $0.48 and a 52 week high of $0.98.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.