Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) Short Interest Down 36.3% in May

Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 698,570 shares, a drop of 36.3% from the April 30th total of 1,096,091 shares. Based on an average daily volume of 404,387 shares, the short-interest ratio is currently 1.7 days. Approximately 0.8% of the shares of the stock are short sold.

Metalla Royalty & Streaming Trading Down 3.4%

MTA stock opened at $7.71 on Thursday. The business has a fifty day moving average price of $6.95 and a 200 day moving average price of $7.54. Metalla Royalty & Streaming has a fifty-two week low of $3.37 and a fifty-two week high of $9.25. The stock has a market capitalization of $720.42 million, a price-to-earnings ratio of -192.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.45 and a quick ratio of 3.45.

Institutional Investors Weigh In On Metalla Royalty & Streaming

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. boosted its position in shares of Metalla Royalty & Streaming by 374.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 316,300 shares of the company’s stock worth $2,015,000 after purchasing an additional 249,700 shares during the last quarter. U S Global Investors Inc. boosted its position in shares of Metalla Royalty & Streaming by 75.9% in the 4th quarter. U S Global Investors Inc. now owns 1,432,510 shares of the company’s stock worth $11,145,000 after purchasing an additional 617,923 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Metalla Royalty & Streaming in the 4th quarter worth $31,000. Mutual Advisors LLC bought a new position in shares of Metalla Royalty & Streaming in the 4th quarter worth $169,000. Finally, IMC Chicago LLC bought a new position in shares of Metalla Royalty & Streaming in the 3rd quarter worth $318,000. 17.82% of the stock is owned by institutional investors and hedge funds.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd. is a Canada‐based precious metals royalty and streaming company focused on acquiring and managing royalties and streams on mineral properties. Headquartered in Vancouver, British Columbia, the firm provides financing to mining operators by purchasing royalty and stream interests that grant it a share of future metal production or revenues. These non‐dilutive arrangements enable Metalla to participate in the upside of mining projects without the operational risks associated with direct mine ownership.

The company’s portfolio spans a broad range of precious and battery metals, including gold, silver, copper, nickel and cobalt.