Short Interest in EMX Royalty Co. (NYSEAMERICAN:EMX) Rises By 86.4%

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 206,200 shares, an increase of 86.4% from the February 13th total of 110,600 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 323,200 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their price objective on shares of EMX Royalty from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday.

EMX Royalty Price Performance

Shares of EMX Royalty stock remained flat at $1.85 during mid-day trading on Friday. 247,664 shares of the company’s stock traded hands, compared to its average volume of 304,337. EMX Royalty has a one year low of $1.59 and a one year high of $2.15. The firm has a market capitalization of $201.28 million, a P/E ratio of -46.25 and a beta of 0.81. The stock’s fifty day moving average is $1.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.15 and a current ratio of 13.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in EMX Royalty by 26.3% in the third quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock valued at $139,000 after buying an additional 16,200 shares during the period. Ullmann Wealth Partners Group LLC acquired a new stake in EMX Royalty in the fourth quarter valued at approximately $35,000. Apollon Wealth Management LLC acquired a new stake in EMX Royalty in the fourth quarter valued at approximately $25,000. Meixler Investment Management Ltd. acquired a new stake in shares of EMX Royalty during the fourth quarter worth approximately $56,000. Finally, Sprott Inc. grew its position in shares of EMX Royalty by 31.4% during the fourth quarter. Sprott Inc. now owns 3,014,481 shares of the company’s stock worth $5,219,000 after buying an additional 720,458 shares in the last quarter. 21.54% of the stock is currently owned by hedge funds and other institutional investors.

About EMX Royalty

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.