International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 467,700 shares, an increase of 45.1% from the May 15th total of 322,400 shares. Based on an average daily volume of 467,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are sold short.
Institutional Investors Weigh In On International Tower Hill Mines
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Paulson & CO. Inc. increased its holdings in International Tower Hill Mines by 9.4% during the 1st quarter. Paulson & CO. Inc. now owns 70,239,388 shares of the company's stock valued at $44,391,000 after purchasing an additional 6,040,408 shares in the last quarter. Virtu Financial LLC increased its stake in shares of International Tower Hill Mines by 199.7% in the 1st quarter. Virtu Financial LLC now owns 85,261 shares of the company's stock valued at $54,000 after buying an additional 56,814 shares during the period. Northern Trust Corp acquired a new stake in shares of International Tower Hill Mines in the 4th quarter valued at $46,000. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the 4th quarter valued at $106,000. Finally, Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines in the 4th quarter valued at $28,000. 54.63% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Wall Street Zen began coverage on International Tower Hill Mines in a research report on Monday, April 21st. They issued a "sell" rating for the company.
Read Our Latest Stock Analysis on THM
International Tower Hill Mines Stock Down 0.8%
Shares of THM stock traded down $0.01 during mid-day trading on Thursday, reaching $0.90. The stock had a trading volume of 187,366 shares, compared to its average volume of 258,751. The firm's 50 day simple moving average is $0.78 and its 200 day simple moving average is $0.61. International Tower Hill Mines has a one year low of $0.40 and a one year high of $1.09. The firm has a market cap of $186.08 million, a PE ratio of -44.76 and a beta of 0.41.
About International Tower Hill Mines
(
Get Free Report)
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.
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