Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Down 30.6% in February

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 87,700 shares, a drop of 30.6% from the February 13th total of 126,400 shares. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and set a $1.20 price target on shares of Solitario Resources in a research report on Friday, February 7th.

Solitario Resources Price Performance

XPL stock opened at $0.66 on Tuesday. Solitario Resources has a one year low of $0.48 and a one year high of $0.98. The firm has a market cap of $53.35 million, a price-to-earnings ratio of -10.92 and a beta of 0.89.

Institutional Trading of Solitario Resources

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Solitario Resources by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 59,573 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Solitario Resources by 57.1% during the fourth quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock worth $98,000 after buying an additional 60,000 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Solitario Resources in the fourth quarter valued at about $44,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Solitario Resources in the fourth quarter valued at about $90,000. Finally, Lido Advisors LLC bought a new position in Solitario Resources during the fourth quarter worth about $555,000. Institutional investors and hedge funds own 18.23% of the company’s stock.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.