International Tower Hill Mines Ltd. (NYSE:THM) Short Interest Up 19.9% in August

Key Points

• Short interest in International Tower Hill Mines Ltd. increased by 19.9% in August, reaching a total of 209,300 shares by the end of the month.
• Institutional investors and hedge funds currently own 54.63% of the company's stock, with several firms significantly boosting their holdings in recent months.
• The company's stock traded up 6.0% to $1.60 with a market capitalization of $332.62 million, reflecting a strong trading activity compared to its average volume.

International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 209,300 shares, an increase of 19.9% from the August 15th total of 174,600 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 395,400 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 395,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company's stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paulson & CO. Inc. grew its position in shares of International Tower Hill Mines by 9.4% in the first 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 during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of International Tower Hill Mines by 589.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,600 shares of the company's stock valued at $104,000 after purchasing an additional 103,100 shares during the period. Northern Trust Corp acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at about $46,000. Jane Street Group LLC acquired a new stake in shares of International Tower Hill Mines in the second quarter valued at about $77,000. Finally, Virtu Financial LLC grew 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 purchasing an additional 56,814 shares during the period. Hedge funds and other institutional investors own 54.63% of the company's stock.

International Tower Hill Mines Stock Performance

THM traded up $0.07 during trading on Monday, hitting $1.67. The stock had a trading volume of 560,204 shares, compared to its average volume of 382,028. International Tower Hill Mines has a twelve month low of $0.40 and a twelve month high of $1.69. The stock has a 50 day simple moving average of $1.32 and a two-hundred day simple moving average of $0.96. The company has a market capitalization of $347.17 million, a PE ratio of -83.50 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.