Short Interest in International Tower Hill Mines Ltd. (NYSE:THM) Declines By 43.6%

Key Points

• Short interest in International Tower Hill Mines Ltd. declined by 43.6% in August, falling to 174,600 shares from 309,500 shares at the end of July.
• Multiple hedge funds increased their stakes in the company, with XTX Topco Ltd boosting its position by 97.7% during the second quarter.
• The company's stock is currently trading at $1.41, having a market capitalization of $293.12 million and a 52-week high of $1.67.

International Tower Hill Mines Ltd. (NYSE:THM - ) saw a significant decline in short interest in August. As of August 15th, there was short interest totaling 174,600 shares, adeclineof43.6% from the July 31st total of 309,500 shares. Based on an average trading volume of 386,900 shares, the short-interest ratio is presently 0.5 days. Approximately0.1% of the shares of the stock are short sold. Approximately0.1% of the shares of the stock are short sold. Based on an average trading volume of 386,900 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On International Tower Hill Mines

A number of large investors have recently added to or reduced their stakes in THM. XTX Topco Ltd boosted its position in International Tower Hill Mines by 97.7% during the second quarter. XTX Topco Ltd now owns 59,074 shares of the company's stock valued at $51,000 after buying an additional 29,186 shares during the period. Marshall Wace LLP purchased a new position in shares of International Tower Hill Mines in the second quarter valued at about $32,000. Virtu Financial LLC increased its position in shares of International Tower Hill Mines by 199.7% in the first quarter. Virtu Financial LLC now owns 85,261 shares of the company's stock valued at $54,000 after acquiring an additional 56,814 shares during the period. Captrust Financial Advisors purchased a new position in shares of International Tower Hill Mines in the second quarter valued at about $69,000. Finally, Jane Street Group LLC purchased a new position in shares of International Tower Hill Mines in the second quarter valued at about $77,000. Hedge funds and other institutional investors own 54.63% of the company's stock.

International Tower Hill Mines Stock Down 1.4%

NYSE:THM traded down $0.02 during midday trading on Friday, hitting $1.41. The company had a trading volume of 581,643 shares, compared to its average volume of 375,407. International Tower Hill Mines has a 52-week low of $0.40 and a 52-week high of $1.67. The stock's fifty day moving average price is $1.19 and its 200-day moving average price is $0.87. The company has a market capitalization of $293.12 million, a PE ratio of -70.50 and a beta of 0.54.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.