Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Up 36.9% in April

Solitario Resources Corp. (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 115,800 shares, a growth of 36.9% from the March 31st total of 84,600 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is presently 2.1 days. Approximately 0.2% of the shares of the stock are short sold.

Solitario Resources Trading Up 1.3 %

Solitario Resources stock traded up $0.01 during trading hours on Friday, hitting $0.63. 53,410 shares of the stock traded hands, compared to its average volume of 68,156. Solitario Resources has a one year low of $0.54 and a one year high of $0.98. The stock has a market capitalization of $51.05 million, a P/E ratio of -10.45 and a beta of 0.89. The business's 50-day moving average price is $0.64.

Insider Buying and Selling

In related news, CEO Christopher E. Herald acquired 41,667 shares of the stock in a transaction on Tuesday, April 1st. The stock was purchased at an average price of $0.60 per share, for a total transaction of $25,000.20. Following the completion of the transaction, the chief executive officer now owns 2,333,667 shares of the company's stock, valued at $1,400,200.20. This trade represents a 1.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Solitario Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Solitario Resources in the 1st quarter worth approximately $31,000. Geode Capital Management LLC boosted its holdings in Solitario Resources by 11.4% in the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company's stock worth $406,000 after acquiring an additional 59,573 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Solitario Resources by 57.1% in the fourth quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company's stock worth $98,000 after acquiring an additional 60,000 shares during the last quarter. Millennium Management LLC bought a new position in shares of Solitario Resources during the fourth quarter valued at $44,000. Finally, Focused Wealth Management Inc increased its holdings in shares of Solitario Resources by 27.0% during the first quarter. Focused Wealth Management Inc now owns 470,900 shares of the basic materials company's stock valued at $283,000 after acquiring an additional 100,000 shares in the last quarter. 18.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a "buy" rating and issued a $1.20 price objective on shares of Solitario Resources in a report on Friday, February 7th.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.

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