Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Update

Key Points

• Short interest fell 31.9% to 124,598 shares as of March 31, representing just 0.2% of the stock and a days-to-cover of 0.5, suggesting low short-squeeze risk given current trading volumes.
• Institutions own 18.23% of the company, with notable moves including Focused Wealth Management increasing its stake to 610,900 shares and XTX Topco boosting holdings by 185% to 53,018 shares.
• The stock carries a consensus "Moderate Buy" rating with an average target of $1.20; shares traded at $0.90 (market cap $82.62M) and sit within a one-year range of $0.54–$0.98.

Solitario Resources Corp. (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 124,598 shares, a drop of 31.9% from the March 15th total of 183,096 shares. Currently, 0.2% of the company's stock are short sold. Based on an average daily volume of 236,635 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of Solitario Resources during the 3rd quarter worth approximately $35,000. XTX Topco Ltd increased its holdings in Solitario Resources by 185.0% during the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company's stock worth $37,000 after buying an additional 34,415 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new stake in Solitario Resources during the fourth quarter worth $130,000. Citadel Advisors LLC bought a new stake in Solitario Resources during the third quarter worth $194,000. Finally, Focused Wealth Management Inc increased its stake in shares of Solitario Resources by 7.0% during the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company's stock worth $426,000 after purchasing an additional 40,000 shares during the last quarter. 18.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a "buy" rating and set a $1.20 target price on shares of Solitario Resources in a research note on Monday, March 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1.20.

Solitario Resources Stock Up 0.7%

XPL traded up $0.01 during trading on Tuesday, hitting $0.90. The company had a trading volume of 253,104 shares, compared to its average volume of 403,303. The company has a market capitalization of $82.62 million, a PE ratio of -17.92 and a beta of 0.41. Solitario Resources has a one year low of $0.54 and a one year high of $0.98. The firm's 50-day moving average price is $0.80 and its 200 day moving average price is $0.72.

About Solitario Resources

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario's work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company's project portfolio includes a range of properties across North and South America.

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