Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Update

Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 998,900 shares, an increase of 30.5% from the April 30th total of 765,200 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 948,700 shares, the days-to-cover ratio is currently 1.1 days.

Integra Resources Stock Down 6.9%

Shares of ITRG stock traded down $0.13 during trading hours on Friday, reaching $1.75. 1,568,546 shares of the company's stock were exchanged, compared to its average volume of 456,583. Integra Resources has a fifty-two week low of $0.79 and a fifty-two week high of $1.95. The company has a market capitalization of $295.00 million, a PE ratio of -5.30 and a beta of 1.37. The business's fifty day simple moving average is $1.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in shares of Integra Resources by 26.3% during the first quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company's stock worth $393,000 after buying an additional 66,002 shares during the last quarter. Equinox Partners Investment Management LLC raised its stake in shares of Integra Resources by 6.9% in the first quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company's stock valued at $12,223,000 after purchasing an additional 635,000 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Integra Resources in the first quarter valued at $34,000. Ruffer LLP raised its stake in shares of Integra Resources by 3.6% in the first quarter. Ruffer LLP now owns 3,238,353 shares of the company's stock valued at $4,029,000 after purchasing an additional 112,300 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Integra Resources in the first quarter valued at $96,000. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HC Wainwright restated a "buy" rating and issued a $2.75 target price on shares of Integra Resources in a report on Wednesday, April 23rd.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.