Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Down 40.1% in May

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a large decrease in short interest in the month of 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 213,173 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Solitario Resources

Institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV purchased a new stake in Solitario Resources during the 3rd quarter valued at $35,000. XTX Topco Ltd boosted its position in Solitario Resources by 185.0% during the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after buying an additional 34,415 shares during the period. Total Wealth Planning & Management Inc. purchased a new stake in Solitario Resources during the 4th quarter valued at $130,000. Citadel Advisors LLC purchased a new stake in Solitario Resources during the 3rd quarter valued at $194,000. Finally, Focused Wealth Management Inc boosted its position in Solitario Resources by 7.0% during the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after buying an additional 40,000 shares during the period. Hedge funds and other institutional investors own 18.23% of the company’s stock.

Solitario Resources Price Performance

XPL stock opened at $0.80 on Wednesday. Solitario Resources has a one year low of $0.54 and a one year high of $0.98. The stock has a market cap of $74.58 million, a PE ratio of -16.03 and a beta of 0.43. The firm has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $0.78.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Solitario Resources presently has an average rating of “Moderate Buy” and a consensus target price of $1.20.

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.