International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Sees Large Growth in Short Interest

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 206,600 shares, a growth of 21.2% from the August 15th total of 170,500 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 121,000 shares, the short-interest ratio is currently 1.7 days.

International Tower Hill Mines Price Performance

NYSEAMERICAN:THM traded up $0.01 during mid-day trading on Friday, reaching $0.53. The stock had a trading volume of 447,153 shares, compared to its average volume of 134,472. The company has a market capitalization of $106.12 million, a price-to-earnings ratio of -26.57 and a beta of 1.19. International Tower Hill Mines has a one year low of $0.31 and a one year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last issued its earnings results on Friday, August 9th. The mining company reported ($0.01) EPS for the quarter.

Hedge Funds Weigh In On International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned approximately 1.03% of International Tower Hill Mines as of its most recent SEC filing. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of International Tower Hill Mines in a report on Sunday. They issued a “sell” rating for the company.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.