Short Interest in International Tower Hill Mines Ltd. (NYSE:THM) Grows By 45.1%

International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 467,700 shares, a growth 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 currently 1.0 days. Currently, 0.3% of the company's shares are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on shares of International Tower Hill Mines in a report on Monday, April 21st. They issued a "sell" rating on the stock.

International Tower Hill Mines Price Performance

International Tower Hill Mines stock traded down $0.04 during trading hours on Monday, reaching $0.89. The stock had a trading volume of 184,183 shares, compared to its average volume of 257,052. The company has a fifty day simple moving average of $0.76 and a 200-day simple moving average of $0.60. International Tower Hill Mines has a 52 week low of $0.40 and a 52 week high of $1.09. The stock has a market cap of $185.00 million, a PE ratio of -44.50 and a beta of 0.41.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of THM. Hemenway Trust Co LLC bought a new stake in International Tower Hill Mines during the fourth quarter worth about $38,000. Tradition Wealth Management LLC purchased a new position in shares of International Tower Hill Mines during the fourth quarter valued at approximately $28,000. Dauntless Investment Group LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter worth approximately $106,000. Northern Trust Corp bought a new stake in shares of International Tower Hill Mines in the 4th quarter worth approximately $46,000. Finally, Virtu Financial LLC grew 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 worth $54,000 after buying an additional 56,814 shares during the last quarter. 54.63% of the stock is currently owned by institutional investors.

About International Tower Hill Mines

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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