Short Interest in Solitario Resources Corp. (NYSEAMERICAN:XPL) Expands By 65.7%

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 183,096 shares, an increase of 65.7% from the February 26th total of 110,531 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 764,215 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.20 target price on shares of Solitario Resources in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Solitario Resources presently has an average rating of “Moderate Buy” and a consensus price target of $1.20.

Hedge Funds Weigh In On Solitario Resources

A number of large investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new stake in Solitario Resources in the 3rd quarter worth approximately $35,000. XTX Topco Ltd raised its stake in shares of Solitario Resources by 185.0% during the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 34,415 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new position in shares of Solitario Resources during the fourth quarter worth approximately $130,000. Citadel Advisors LLC bought a new stake in shares of Solitario Resources in the 3rd quarter worth approximately $194,000. Finally, Focused Wealth Management Inc lifted its holdings 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 worth $426,000 after acquiring an additional 40,000 shares during the last quarter. 18.23% of the stock is owned by hedge funds and other institutional investors.

Solitario Resources Stock Performance

XPL traded up $0.01 during trading on Friday, reaching $0.80. The stock had a trading volume of 67,225 shares, compared to its average volume of 505,276. The business has a 50-day moving average of $0.78 and a 200-day moving average of $0.71. Solitario Resources has a one year low of $0.54 and a one year high of $0.98. The stock has a market cap of $74.03 million, a PE ratio of -16.06 and a beta of 0.41.

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.