Titan Mining Corporation (NYSEAMERICAN:TII) Short Interest Up 339.9% in June

Titan Mining Corporation (NYSEAMERICAN:TII) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 2,544,359 shares, a growth of 339.9% from the June 15th total of 578,361 shares. Based on an average daily volume of 4,727,452 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.6% of the company’s stock are short sold.

Titan Mining Price Performance

Shares of NYSEAMERICAN TII opened at $2.15 on Tuesday. Titan Mining has a fifty-two week low of $0.81 and a fifty-two week high of $5.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.68 and a quick ratio of 0.48. The business has a 50-day simple moving average of $2.31.

Titan Mining (NYSEAMERICAN:TII) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $19.60 million for the quarter. Titan Mining had a negative net margin of 17.67% and a negative return on equity of 332.15%. As a group, equities research analysts forecast that Titan Mining will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Titan Mining

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Thoroughbred Financial Services LLC acquired a new position in shares of Titan Mining in the 4th quarter valued at $35,000. World Investment Advisors acquired a new stake in Titan Mining during the 1st quarter worth about $36,000. HighTower Advisors LLC acquired a new stake in Titan Mining during the 4th quarter worth about $51,000. Commonwealth Equity Services LLC purchased a new stake in Titan Mining during the 4th quarter valued at about $56,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Titan Mining during the 4th quarter valued at about $78,000.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $6.50 price objective on shares of Titan Mining in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Titan Mining has an average rating of “Moderate Buy” and an average price target of $6.50.

About Titan Mining

Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat– Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016.