Short Interest in Solaris Resources Inc. (NYSEAMERICAN:SLSR) Expands By 20.7%

Solaris Resources Inc. (NYSEAMERICAN:SLSR) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 797,606 shares, an increase of 20.7% from the January 29th total of 660,869 shares. Based on an average daily volume of 165,246 shares, the short-interest ratio is presently 4.8 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 165,246 shares, the short-interest ratio is presently 4.8 days.

Institutional Investors Weigh In On Solaris Resources

Several large investors have recently bought and sold shares of the business. Barclays PLC bought a new stake in shares of Solaris Resources in the 4th quarter worth about $36,000. Russell Investments Group Ltd. purchased a new position in Solaris Resources in the third quarter worth about $38,000. Farther Finance Advisors LLC bought a new stake in Solaris Resources during the third quarter worth approximately $38,000. Raymond James Financial Inc. purchased a new stake in Solaris Resources during the second quarter valued at approximately $38,000. Finally, Themes Management Co LLC bought a new stake in shares of Solaris Resources in the 4th quarter valued at approximately $92,000.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their price objective on shares of Solaris Resources from $13.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Solaris Resources Trading Down 9.4%

Shares of Solaris Resources stock opened at $9.84 on Wednesday. The firm has a market cap of $1.64 billion, a PE ratio of -28.11 and a beta of 0.31. The stock has a 50 day moving average of $9.28 and a 200 day moving average of $7.40. Solaris Resources has a 12 month low of $2.50 and a 12 month high of $11.43.

About Solaris Resources

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.