Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Down 19.9% in December

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 1,450,000 shares, a drop of 19.9% from the November 30th total of 1,810,000 shares. Based on an average trading volume of 1,710,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.5% of the shares of the company are short sold.

Institutional Trading of Trilogy Metals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC increased its stake in Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock worth $65,000 after acquiring an additional 61,683 shares during the last quarter. Old West Investment Management LLC grew its holdings in shares of Trilogy Metals by 54.6% in the second quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company’s stock valued at $1,549,000 after purchasing an additional 1,094,842 shares in the last quarter. Finally, Wexford Capital LP increased its position in Trilogy Metals by 90.2% in the third quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock worth $2,214,000 after purchasing an additional 2,169,593 shares during the last quarter. 16.75% of the stock is currently owned by institutional investors.

Trilogy Metals Trading Up 1.8 %

Shares of NYSEAMERICAN:TMQ traded up $0.02 during mid-day trading on Tuesday, reaching $1.16. 110,083 shares of the company traded hands, compared to its average volume of 619,863. The company has a market cap of $186.86 million, a PE ratio of -19.33 and a beta of 1.59. Trilogy Metals has a 52 week low of $0.25 and a 52 week high of $1.40.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its earnings results on Wednesday, October 9th. The mining company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Equities research analysts predict that Trilogy Metals will post -0.04 earnings per share for the current fiscal year.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.