Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Update

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 136,249 shares, a decrease of 40.1% from the May 14th total of 227,519 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 213,173 shares, the days-to-cover ratio is currently 0.6 days.

Solitario Resources Stock Down 1.5%

Shares of XPL stock traded down $0.01 during trading hours on Monday, reaching $0.78. 168,264 shares of the company’s stock were exchanged, compared to its average volume of 331,099. Solitario Resources has a fifty-two week low of $0.54 and a fifty-two week high of $0.98. The stock has a market capitalization of $72.75 million, a P/E ratio of -15.63 and a beta of 0.43. The business has a fifty day moving average price of $0.85 and a 200-day moving average price of $0.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of Solitario Resources in the third quarter valued at $194,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Solitario Resources in the third quarter valued at $35,000. Focused Wealth Management Inc raised its stake in shares of Solitario Resources by 7.0% in the fourth quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 40,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Solitario Resources by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 55,958 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Solitario Resources in the fourth quarter valued at $130,000. 18.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a research report 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. According to data from MarketBeat, Solitario Resources has a consensus rating of “Moderate Buy” and a consensus price target of $1.20.

Solitario Resources Company Profile

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.