Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Up 141.6% in January

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 82,279 shares, a growth of 141.6% from the December 31st total of 34,057 shares. Based on an average daily trading volume, of 262,382 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 262,382 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1.20.

Solitario Resources Trading Down 2.5%

Shares of NYSEAMERICAN XPL traded down $0.02 during mid-day trading on Friday, reaching $0.78. The company had a trading volume of 654,722 shares, compared to its average volume of 444,774. The company has a 50-day moving average price of $0.68 and a two-hundred day moving average price of $0.70. The stock has a market cap of $70.88 million, a PE ratio of -13.00 and a beta of 0.40. Solitario Resources has a 1-year low of $0.54 and a 1-year high of $0.90.

Institutional Trading of Solitario Resources

A number of hedge funds have recently bought and sold shares of XPL. Mercer Global Advisors Inc. ADV acquired a new position in shares of Solitario Resources in the third quarter worth about $35,000. Citadel Advisors LLC purchased a new stake in shares of Solitario Resources in the 3rd quarter valued at approximately $194,000. Finally, Focused Wealth Management Inc lifted its position in shares of Solitario Resources by 7.0% in the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 40,000 shares in the last quarter. 18.23% of the stock is owned by hedge funds and other institutional investors.

About Solitario Resources

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.