Solaris Resources Inc. (NYSEAMERICAN:SLSR) Short Interest Update

Solaris Resources Inc. (NYSEAMERICAN:SLSR) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 546,809 shares, a drop of 38.8% from the November 30th total of 892,910 shares. Based on an average daily volume of 80,142 shares, the days-to-cover ratio is currently 6.8 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 80,142 shares, the days-to-cover ratio is currently 6.8 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their target price on shares of Solaris Resources from $13.00 to $13.50 and gave the company a “buy” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Solaris Resources Price Performance

NYSEAMERICAN:SLSR traded up $0.23 during mid-day trading on Friday, reaching $8.38. The stock had a trading volume of 97,606 shares, compared to its average volume of 92,620. The stock has a market cap of $1.40 billion, a P/E ratio of -23.94 and a beta of 0.46. The business’s 50 day moving average is $7.14 and its 200 day moving average is $5.94. Solaris Resources has a fifty-two week low of $2.50 and a fifty-two week high of $8.39.

Institutional Investors Weigh In On Solaris Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in shares of Solaris Resources in the third quarter worth about $38,000. Russell Investments Group Ltd. acquired a new position in shares of Solaris Resources during the 3rd quarter valued at about $38,000. Raymond James Financial Inc. bought a new position in shares of Solaris Resources in the 2nd quarter valued at approximately $38,000. Jane Street Group LLC acquired a new stake in Solaris Resources in the 2nd quarter worth approximately $97,000. Finally, National Bank of Canada FI boosted its position in Solaris Resources by 133.1% during the third quarter. National Bank of Canada FI now owns 19,577 shares of the company’s stock worth $118,000 after purchasing an additional 11,178 shares during the period.

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.