Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Up 7.7% in May

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 90,000 shares, an increase of 7.7% from the May 15th total of 83,600 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 60,200 shares, the days-to-cover ratio is currently 1.5 days.

Idaho Strategic Resources Price Performance

Shares of Idaho Strategic Resources stock traded down €0.25 ($0.27) during trading on Tuesday, hitting €9.85 ($10.59). 70,577 shares of the company were exchanged, compared to its average volume of 46,911. The firm has a market capitalization of $125.49 million, a P/E ratio of 40.40 and a beta of 0.75. Idaho Strategic Resources has a 1-year low of €4.48 ($4.82) and a 1-year high of €10.60 ($11.40). The company has a current ratio of 4.08, a quick ratio of 3.65 and a debt-to-equity ratio of 0.09.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its earnings results on Monday, May 6th. The company reported €0.17 ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of €0.06 ($0.06) by €0.11 ($0.12). The company had revenue of €5.90 million during the quarter, compared to analyst estimates of €4.90 million. Idaho Strategic Resources had a return on equity of 15.71% and a net margin of 20.16%. On average, equities analysts anticipate that Idaho Strategic Resources will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm boosted their target price on Idaho Strategic Resources from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd.

Insider Buying and Selling at Idaho Strategic Resources

In related news, CEO John Swallow sold 140,687 shares of Idaho Strategic Resources stock in a transaction dated Monday, May 6th. The stock was sold at an average price of €8.39 ($9.02), for a total value of €1,180,363.93 ($1,269,208.53). Following the completion of the transaction, the chief executive officer now directly owns 1,203,546 shares of the company’s stock, valued at €10,097,750.94 ($10,857,796.71). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO John Swallow sold 140,687 shares of Idaho Strategic Resources stock in a transaction dated Monday, May 6th. The stock was sold at an average price of €8.39 ($9.02), for a total value of €1,180,363.93 ($1,269,208.53). Following the completion of the transaction, the chief executive officer now directly owns 1,203,546 shares of the company’s stock, valued at €10,097,750.94 ($10,857,796.71). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Grant A. Brackebusch sold 3,033 shares of Idaho Strategic Resources stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of €9.50 ($10.22), for a total value of €28,813.50 ($30,982.26). Following the completion of the transaction, the vice president now directly owns 128,923 shares of the company’s stock, valued at €1,224,768.50 ($1,316,955.38). The disclosure for this sale can be found here. Over the last three months, insiders sold 153,337 shares of company stock valued at $1,304,362. 12.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Idaho Strategic Resources

A hedge fund recently raised its stake in Idaho Strategic Resources stock. Vanguard Group Inc. lifted its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 3.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 466,215 shares of the company’s stock after purchasing an additional 16,215 shares during the quarter. Vanguard Group Inc. owned about 3.71% of Idaho Strategic Resources worth $3,944,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.70% of the company’s stock.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.