International Tower Hill Mines Ltd. (NYSEAMERICAN:THM - Get Free Report) TSE: ITH was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 242,400 shares, a growth of 34.2% from the March 31st total of 180,600 shares. Based on an average trading volume of 138,500 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On International Tower Hill Mines
A hedge fund recently raised its stake in International Tower Hill Mines stock. Atria Wealth Solutions Inc. boosted its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM - Free Report) TSE: ITH by 54.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,018 shares of the mining company's stock after buying an additional 18,000 shares during the period. Atria Wealth Solutions Inc.'s holdings in International Tower Hill Mines were worth $30,000 at the end of the most recent quarter. 54.63% of the stock is currently owned by institutional investors and hedge funds.
International Tower Hill Mines Stock Performance
Shares of NYSEAMERICAN THM traded down $0.01 during midday trading on Friday, reaching $0.65. 98,122 shares of the company were exchanged, compared to its average volume of 139,685. The stock has a market cap of $129.56 million, a PE ratio of -32.44 and a beta of 1.14. International Tower Hill Mines has a one year low of $0.31 and a one year high of $0.80.
International Tower Hill Mines (NYSEAMERICAN:THM - Get Free Report) TSE: ITH last posted its earnings results on Friday, March 8th. The mining company reported ($0.01) earnings per share for the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of International Tower Hill Mines in a research note on Wednesday. They set a "sell" rating on the stock.
Read Our Latest Research Report on THM
About International Tower Hill Mines
(
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International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.
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