Short Interest in EMX Royalty Corp. (NYSEAMERICAN:EMX) Grows By 77.3%

Key Points

• The short interest in EMX Royalty Corp. increased by 77.3% in September, rising from 92,400 shares to 163,800 shares.
• Several institutional investors have significantly increased their holdings, with Bank of America Corp DE boosting its stake by 2,565% during the second quarter.
• Analysts have varying ratings for EMX Royalty, with HC Wainwright giving a "buy" rating and a price target of $5.75, while Zacks Research downgraded its rating from "strong-buy" to "hold."

EMX Royalty Corp. (NYSEAMERICAN:EMX - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 163,800 shares, an increase of 77.3% from the September 15th total of 92,400 shares. Based on an average daily trading volume, of 772,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 772,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Medici Capital LLC raised its position in EMX Royalty by 5.4% during the second quarter. Medici Capital LLC now owns 2,107,927 shares of the company's stock valued at $5,300,000 after purchasing an additional 107,077 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of EMX Royalty by 30.5% in the 2nd quarter. Marshall Wace LLP now owns 1,304,509 shares of the company's stock worth $3,287,000 after purchasing an additional 305,232 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of EMX Royalty by 339.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 381,695 shares of the company's stock valued at $962,000 after purchasing an additional 294,915 shares during the last quarter. Man Group plc raised its holdings in shares of EMX Royalty by 136.7% during the 2nd quarter. Man Group plc now owns 368,949 shares of the company's stock valued at $930,000 after buying an additional 213,045 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of EMX Royalty by 2,565.0% during the 2nd quarter. Bank of America Corp DE now owns 266,504 shares of the company's stock valued at $672,000 after buying an additional 256,504 shares in the last quarter. Institutional investors own 21.54% of the company's stock.

Analysts Set New Price Targets

EMX has been the subject of several recent analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $5.75 price objective on shares of EMX Royalty in a research note on Monday, September 8th. Zacks Research lowered shares of EMX Royalty from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of EMX Royalty in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, EMX Royalty presently has an average rating of "Moderate Buy" and an average price target of $5.75.

EMX Royalty Price Performance

EMX stock traded down $0.04 during midday trading on Thursday, reaching $4.31. The company had a trading volume of 413,084 shares, compared to its average volume of 1,133,069. The firm has a 50-day moving average price of $4.26 and a 200-day moving average price of $3.11. The company has a market capitalization of $473.02 million, a P/E ratio of 72.50 and a beta of 0.33. EMX Royalty has a 1 year low of $1.65 and a 1 year high of $5.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.86 and a quick ratio of 7.86.

About EMX Royalty

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.

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