Entrée Resources Ltd. (OTCMKTS:ERLFF) Short Interest Up 18.8% in November

Entrée Resources Ltd. (OTCMKTS:ERLFF) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,800 shares, an increase of 18.8% from the October 31st total of 3,200 shares. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is currently 0.1 days.

Entrée Resources Price Performance

Shares of ERLFF stock remained flat at $1.41 on Monday. The company had a trading volume of 90 shares, compared to its average volume of 16,770. The company has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.24. The firm has a market cap of $285.76 million, a P/E ratio of -28.10 and a beta of 1.17. Entrée Resources has a one year low of $0.84 and a one year high of $1.75.

Wall Street Analyst Weigh In

Separately, TD Securities downgraded Entrée Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Entrée Resources Company Profile

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.