Integra Resources Corp. (NYSEAMERICAN:ITRG) Sees Significant Growth in Short Interest

Integra Resources Corp. (NYSEAMERICAN:ITRG) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 565,400 shares, a growth of 58.3% from the September 15th total of 357,200 shares. Based on an average daily volume of 141,700 shares, the days-to-cover ratio is currently 4.0 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Integra Resources stock. Renaissance Technologies LLC lifted its position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,989 shares of the company’s stock after purchasing an additional 159,709 shares during the quarter. Renaissance Technologies LLC owned about 0.35% of Integra Resources worth $286,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 26.67% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.75 target price on shares of Integra Resources in a research note on Tuesday, July 30th.

Integra Resources Price Performance

NYSEAMERICAN:ITRG traded up $0.02 during mid-day trading on Monday, reaching $1.02. 51,518 shares of the company’s stock traded hands, compared to its average volume of 141,250. The company has a market cap of $90.23 million, a PE ratio of -2.76 and a beta of 1.43. Integra Resources has a 12-month low of $0.64 and a 12-month high of $1.13.

Integra Resources (NYSEAMERICAN:ITRG) last posted its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Analysts expect that Integra Resources will post -0.18 EPS for the current fiscal year.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.