Solitario Resources Corp. (NYSEAMERICAN:XPL) Sees Large Increase in Short Interest

Solitario Resources Corp. (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 115,800 shares, an increase of 36.9% from the March 31st total of 84,600 shares. Based on an average daily volume of 54,800 shares, the short-interest ratio is currently 2.1 days. Currently, 0.2% of the shares of the company are short sold.

Solitario Resources Stock Performance

NYSEAMERICAN XPL traded down $0.00 during trading hours on Thursday, reaching $0.61. The company's stock had a trading volume of 173,860 shares, compared to its average volume of 67,429. The firm has a market capitalization of $49.47 million, a PE ratio of -10.13 and a beta of 0.89. The company's fifty day simple moving average is $0.64. Solitario Resources has a 52 week low of $0.54 and a 52 week high of $0.98.

Insider Buying and Selling at Solitario Resources

In other news, CEO Christopher E. Herald acquired 41,667 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were purchased at an average cost of $0.60 per share, with a total value of $25,000.20. Following the acquisition, the chief executive officer now directly owns 2,333,667 shares in the company, valued at $1,400,200.20. This represents a 1.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC bought a new stake in Solitario Resources during the 4th quarter worth approximately $555,000. Geode Capital Management LLC grew its holdings in shares of 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 valued at $406,000 after acquiring an additional 59,573 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of Solitario Resources by 27.0% during the 1st quarter. Focused Wealth Management Inc now owns 470,900 shares of the basic materials company's stock valued at $283,000 after purchasing an additional 100,000 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Solitario Resources by 57.1% during the 4th quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company's stock worth $98,000 after purchasing an additional 60,000 shares during the period. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Solitario Resources during the 4th quarter worth $90,000. Institutional investors own 18.23% of the company's stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a "buy" rating and set a $1.20 target price on shares of Solitario Resources in a research note 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.