Entrée Resources Ltd. (OTCMKTS:ERLFF) Short Interest Update

Entrée Resources Ltd. (OTCMKTS:ERLFF) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 43,200 shares, a decrease of 17.6% from the January 31st total of 52,400 shares. Based on an average daily volume of 40,300 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded Entrée Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Entrée Resources Price Performance

Entrée Resources stock traded up $0.05 during midday trading on Wednesday, hitting $1.66. The company’s stock had a trading volume of 5,609 shares, compared to its average volume of 19,049. The company has a market cap of $343.56 million, a price-to-earnings ratio of -33.13 and a beta of 1.06. Entrée Resources has a 1-year low of $0.90 and a 1-year high of $1.91. The company has a 50-day moving average price of $1.77 and a two-hundred day moving average price of $1.55.

About Entrée Resources

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.