Short Interest in Integra Resources Corp. (NYSEAMERICAN:ITRG) Expands By 30.5%

Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) was the recipient of a significant increase in short interest in 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. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 948,700 shares, the days-to-cover ratio is currently 1.1 days.

Integra Resources Price Performance

Shares of ITRG traded up $0.13 during trading hours on Thursday, hitting $1.88. The stock had a trading volume of 2,077,067 shares, compared to its average volume of 450,497. Integra Resources has a 12 month low of $0.79 and a 12 month high of $1.95. The firm has a fifty day moving average price of $1.57. The company has a market cap of $316.91 million, a price-to-earnings ratio of -5.70 and a beta of 1.37.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Integra Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rathbones Group PLC purchased a new stake in shares of Integra Resources in the fourth quarter worth $28,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Integra Resources in the 1st quarter worth $30,000. Virtu Financial LLC bought a new stake in Integra Resources during the first quarter valued at about $34,000. Millennium Management LLC purchased a new position in shares of Integra Resources in the fourth quarter valued at about $39,000. Finally, Bank of America Corp DE boosted its stake in shares of Integra Resources by 336.4% in the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock worth $41,000 after acquiring an additional 35,997 shares during the period. 26.67% of the stock is currently owned by hedge funds and other institutional investors.

About Integra Resources

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.