Short Interest in Solitario Resources Corp. (NYSEAMERICAN:XPL) Declines By 18.8%

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 34,057 shares, a drop of 18.8% from the December 15th total of 41,965 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 221,854 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 221,854 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Solitario Resources Trading Down 1.4%

Solitario Resources stock traded down $0.01 during trading hours on Monday, reaching $0.72. 64,609 shares of the stock were exchanged, compared to its average volume of 234,509. Solitario Resources has a twelve month low of $0.54 and a twelve month high of $0.90. The company has a market cap of $65.64 million, a P/E ratio of -12.04 and a beta of 0.40. The stock has a 50 day moving average of $0.65 and a two-hundred day moving average of $0.69.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1.20.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Focused Wealth Management Inc lifted its stake in Solitario Resources by 21.2% during the second quarter. Focused Wealth Management Inc now owns 570,900 shares of the basic materials company’s stock worth $371,000 after purchasing an additional 100,000 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Solitario Resources during the 3rd quarter worth $194,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Solitario Resources during the 3rd quarter worth $35,000. 18.23% of the stock is currently owned by institutional investors and hedge funds.

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.