Short Interest in Solitario Resources Corp. (NYSEAMERICAN:XPL) Rises By 34.6%

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 126,400 shares, a growth of 34.6% from the January 31st total of 93,900 shares. Based on an average daily volume of 52,200 shares, the short-interest ratio is presently 2.4 days. Currently, 0.2% of the shares of the company are short sold.

Solitario Resources Trading Down 2.9 %

XPL traded down $0.02 during mid-day trading on Wednesday, hitting $0.64. 22,007 shares of the stock were exchanged, compared to its average volume of 88,907. The firm has a market cap of $51.71 million, a price-to-earnings ratio of -10.58 and a beta of 0.89. Solitario Resources has a 1-year low of $0.46 and a 1-year high of $0.98.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and set a $1.20 price target on shares of Solitario Resources in a research report on Friday, February 7th.

Institutional Trading of Solitario Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Solitario Resources by 11.4% in the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after buying an additional 59,573 shares in the last quarter. Focused Wealth Management Inc lifted its stake in shares of Solitario Resources by 19.3% during the third quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company’s stock valued at $260,000 after buying an additional 60,000 shares during the period. Millennium Management LLC acquired a new stake in Solitario Resources in the 4th quarter worth about $44,000. Total Wealth Planning & Management Inc. acquired a new position in Solitario Resources during the fourth quarter worth approximately $90,000. Finally, Lido Advisors LLC purchased a new position in shares of Solitario Resources in the 4th quarter worth about $555,000. 18.23% of the stock is currently owned by institutional investors and hedge funds.

About Solitario Resources

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.