Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Update

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,510,000 shares, a growth of 81.8% from the April 30th total of 830,500 shares. Approximately 1.5% of the company's stock are short sold. Based on an average daily trading volume, of 620,100 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analyst Weigh In

Separately, Raymond James restated a "market perform" rating on shares of Trilogy Metals in a report on Monday, March 24th.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ traded up $0.04 during trading hours on Monday, hitting $1.23. 247,522 shares of the stock were exchanged, compared to its average volume of 759,566. The company's 50 day moving average is $1.45 and its 200 day moving average is $1.19. The firm has a market capitalization of $202.30 million, a P/E ratio of -24.66 and a beta of 1.54. Trilogy Metals has a one year low of $0.42 and a one year high of $2.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TMQ. XTX Topco Ltd grew its position in shares of Trilogy Metals by 235.5% in the fourth quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock valued at $56,000 after purchasing an additional 33,636 shares during the last quarter. Virtu Financial LLC bought a new position in Trilogy Metals in the 1st quarter worth approximately $83,000. Total Wealth Planning & Management Inc. bought a new position in Trilogy Metals in the 4th quarter worth approximately $119,000. Two Sigma Advisers LP acquired a new position in Trilogy Metals during the 4th quarter valued at $221,000. Finally, Legacy Capital Group California Inc. bought a new stake in shares of Trilogy Metals in the first quarter valued at about $232,000. Institutional investors and hedge funds own 16.75% of the company's stock.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper - cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.