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

Key Points

• Trilogy Metals Inc. experienced a significant rise in short interest, with a 260.7% increase from July to August, totaling 874,700 shares short sold, representing 0.9% of the company's stock.
• The stock price for Trilogy Metals is currently $1.61, with a market capitalization of $263.61 million and a 1-year price fluctuation between $0.47 and $2.09.
• Recent insider activity included Director William L. Iggiagruk Hensley selling 50,000 shares at an average price of $1.74, reducing his position by 25.82%.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 874,700 shares, agrowthof260.7% from the July 31st total of 242,500 shares. Based on an average daily trading volume, of 465,700 shares, the days-to-cover ratio is currently 1.9 days. Currently,0.9% of the company's shares are sold short. Currently,0.9% of the company's shares are sold short. Based on an average daily trading volume, of 465,700 shares, the days-to-cover ratio is currently 1.9 days.

Insider Buying and Selling

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $1.74, for a total transaction of $87,000.00. Following the completion of the sale, the director directly owned 143,638 shares of the company's stock, valued at approximately $249,930.12. This represents a 25.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.20% of the company's stock.

Hedge Funds Weigh In On Trilogy Metals

Large investors have recently made changes to their positions in the business. Two Sigma Investments LP acquired a new position in shares of Trilogy Metals in the 4th quarter valued at about $416,000. Two Sigma Advisers LP acquired a new position in shares of Trilogy Metals in the 4th quarter valued at about $221,000. Envestnet Asset Management Inc. acquired a new position in shares of Trilogy Metals in the 1st quarter valued at about $396,000. Tidal Investments LLC increased its holdings 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 valued at $2,144,000 after purchasing an additional 782,929 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Trilogy Metals in the 1st quarter valued at about $83,000. Institutional investors and hedge funds own 16.75% of the company's stock.

Trilogy Metals Trading Up 8.2%

TMQ stock traded up $0.15 during mid-day trading on Monday, reaching $1.99. 659,735 shares of the stock traded hands, compared to its average volume of 550,929. Trilogy Metals has a 52-week low of $0.47 and a 52-week high of $2.09. The company has a market cap of $326.94 million, a P/E ratio of -39.80 and a beta of 1.19. The stock's fifty day moving average is $1.66 and its 200-day moving average is $1.51.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). Equities research analysts expect that Trilogy Metals will post -0.03 earnings per share for the current year.

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.