Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Down 77.5% in May

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 340,300 shares, a decline of 77.5% from the May 15th total of 1,510,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 620,700 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

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

Institutional Trading of Trilogy Metals

A number of institutional investors have recently made changes to their positions in TMQ. Old West Investment Management LLC lifted its stake in shares of Trilogy Metals by 61.1% in the 1st quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company's stock worth $19,611,000 after acquiring an additional 4,781,670 shares during the period. Foursixthree Capital LP acquired a new stake in shares of Trilogy Metals in the 4th quarter worth approximately $2,954,000. Sprott Inc. lifted its stake in shares of Trilogy Metals by 64.9% in the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock worth $2,430,000 after acquiring an additional 824,071 shares during the period. Tidal Investments LLC lifted its stake in shares of Trilogy Metals by 73.5% in the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock worth $2,144,000 after acquiring an additional 782,929 shares during the period. Finally, Wexford Capital LP lifted its stake in shares of Trilogy Metals by 15.5% in the 4th quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company's stock worth $6,128,000 after acquiring an additional 708,469 shares during the period. 16.75% of the stock is owned by institutional investors and hedge funds.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ remained flat at $1.28 during trading on Thursday. 152,518 shares of the stock were exchanged, compared to its average volume of 766,236. The business's fifty day moving average is $1.40 and its two-hundred day moving average is $1.21. The firm has a market cap of $209.84 million, a price-to-earnings ratio of -25.60 and a beta of 1.54. Trilogy Metals has a 12 month low of $0.42 and a 12 month high of $2.09.

Trilogy Metals Company Profile

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.