Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Up 65.7% in March

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 183,096 shares, an increase of 65.7% from the February 26th total of 110,531 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 764,215 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Solitario Resources

Several institutional investors and hedge funds have recently modified their holdings of XPL. Mercer Global Advisors Inc. ADV acquired a new stake in Solitario Resources during the third quarter worth approximately $35,000. XTX Topco Ltd raised its holdings in Solitario Resources by 185.0% in the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 34,415 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new position in shares of Solitario Resources during the 4th quarter worth $130,000. Citadel Advisors LLC acquired a new stake in shares of Solitario Resources during the third quarter worth $194,000. Finally, Focused Wealth Management Inc boosted its holdings in shares of Solitario Resources by 7.0% during the fourth quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 18.23% of the company’s stock.

Solitario Resources Trading Up 1.9%

Shares of NYSEAMERICAN:XPL traded up $0.01 on Friday, hitting $0.80. The company had a trading volume of 67,225 shares, compared to its average volume of 505,276. The company has a market cap of $74.03 million, a PE ratio of -16.06 and a beta of 0.41. Solitario Resources has a 52-week low of $0.54 and a 52-week high of $0.98. The business has a 50 day moving average of $0.78 and a 200 day moving average of $0.71.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a research report on Monday, March 23rd. One research 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, Solitario Resources currently has a consensus 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.