Short Interest in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Expands By 43.9%

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 242,300 shares, a growth of 43.9% from the August 31st total of 168,400 shares. Based on an average daily trading volume, of 130,800 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Roth Mkm raised their price target on Idaho Strategic Resources from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 26th.

Idaho Strategic Resources Stock Down 4.4 %

Idaho Strategic Resources stock traded down €0.68 ($0.76) during midday trading on Friday, reaching €14.92 ($16.58). The stock had a trading volume of 245,500 shares, compared to its average volume of 79,492. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.58 and a current ratio of 6.01. Idaho Strategic Resources has a 1-year low of €4.48 ($4.98) and a 1-year high of €16.00 ($17.78). The firm has a market cap of $193.36 million, a PE ratio of 59.68 and a beta of 0.78.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported €0.17 ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of €0.07 ($0.08) by €0.10 ($0.11). The business had revenue of €6.13 million for the quarter, compared to analyst estimates of €5.20 million. Idaho Strategic Resources had a return on equity of 22.07% and a net margin of 26.69%. On average, analysts predict that Idaho Strategic Resources will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Idaho Strategic Resources

Institutional investors have recently made changes to their positions in the stock. WR Wealth Planners LLC boosted its position in shares of Idaho Strategic Resources by 145.2% during the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after purchasing an additional 2,323 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Idaho Strategic Resources during the 2nd quarter valued at about $108,000. Salem Investment Counselors Inc. boosted its position in shares of Idaho Strategic Resources by 30.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 17,354 shares of the company’s stock valued at $147,000 after purchasing an additional 4,000 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Idaho Strategic Resources during the 2nd quarter valued at about $496,000. Finally, Renaissance Technologies LLC boosted its position in shares of Idaho Strategic Resources by 24.7% during the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after purchasing an additional 12,050 shares in the last quarter. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Company Profile

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.