Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Up 23.8% in December

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 573,000 shares, a growth of 23.8% from the November 30th total of 462,900 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily volume of 265,000 shares, the short-interest ratio is currently 2.2 days.

Insider Transactions at Idaho Strategic Resources

In related news, insider Monique D. Hayes sold 7,746 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of €11.51 ($11.99), for a total value of €89,156.46 ($92,871.31). Following the completion of the transaction, the insider now directly owns 27,670 shares in the company, valued at approximately €318,481.70 ($331,751.77). The trade was a 21.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Swallow sold 225,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of €13.04 ($13.58), for a total transaction of €2,934,000.00 ($3,056,250.00). Following the sale, the chief executive officer now owns 955,248 shares in the company, valued at approximately €12,456,433.92 ($12,975,452). The trade was a 19.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. WR Wealth Planners LLC grew its position in Idaho Strategic Resources by 145.2% in the second quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after acquiring an additional 2,323 shares during the last quarter. Eastern Bank bought a new stake in Idaho Strategic Resources during the 3rd quarter worth approximately $40,000. Quantbot Technologies LP acquired a new stake in Idaho Strategic Resources in the third quarter valued at $79,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Idaho Strategic Resources during the third quarter worth about $90,000. Finally, Dimensional Fund Advisors LP bought a new stake in Idaho Strategic Resources in the second quarter valued at approximately $108,000. 8.70% of the stock is owned by institutional investors.

Idaho Strategic Resources Price Performance

Shares of NYSEAMERICAN:IDR traded up €0.33 ($0.34) during midday trading on Tuesday, reaching €10.23 ($10.66). The company had a trading volume of 47,270 shares, compared to its average volume of 125,323. Idaho Strategic Resources has a 1-year low of €5.66 ($5.90) and a 1-year high of €18.35 ($19.11). The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52. The company has a market cap of $139.74 million, a P/E ratio of 20.06 and a beta of 0.74.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.16) EPS for the quarter, missing analysts’ consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). The firm had revenue of €6.15 million during the quarter, compared to analyst estimates of €7.40 million. Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. As a group, sell-side analysts forecast that Idaho Strategic Resources will post 0.71 EPS for the current fiscal year.

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.