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

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a significant decrease in short interest in 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 213,173 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $1.20 target price on shares of Solitario Resources in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1.20.

Institutional Investors Weigh In On Solitario Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Solitario Resources by 24.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,612,399 shares of the basic materials company’s stock valued at $1,322,000 after buying an additional 316,693 shares during the last quarter. Focused Wealth Management Inc raised its position in Solitario Resources by 24.9% in the 1st quarter. Focused Wealth Management Inc now owns 762,900 shares of the basic materials company’s stock valued at $626,000 after buying an additional 152,000 shares during the last quarter. Geode Capital Management LLC raised its position in Solitario Resources by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock valued at $454,000 after buying an additional 55,958 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Solitario Resources in the 3rd quarter valued at approximately $194,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Solitario Resources in the 4th quarter valued at approximately $130,000. Institutional investors and hedge funds own 18.23% of the company’s stock.

Solitario Resources Stock Down 1.5%

NYSEAMERICAN:XPL traded down $0.01 during trading hours on Monday, reaching $0.78. The company had a trading volume of 168,264 shares, compared to its average volume of 331,099. The stock has a 50-day moving average of $0.85 and a two-hundred day moving average of $0.77. The firm has a market capitalization of $72.75 million, a PE ratio of -15.63 and a beta of 0.43. Solitario Resources has a one year low of $0.54 and a one year high of $0.98.

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.