Entrée Resources Ltd. (OTCMKTS:ERLFF) Sees Large Decrease in Short Interest

Entrée Resources Ltd. (OTCMKTS:ERLFF) was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 56,000 shares, a decrease of 6.8% from the July 31st total of 60,100 shares. Based on an average trading volume of 36,200 shares, the days-to-cover ratio is currently 1.5 days.

Entrée Resources Stock Performance

Entrée Resources stock remained flat at $1.00 during mid-day trading on Thursday. 1,605 shares of the company’s stock were exchanged, compared to its average volume of 15,987. The company has a fifty day moving average of $0.95 and a two-hundred day moving average of $0.94. The firm has a market cap of $198.45 million, a P/E ratio of -20.00 and a beta of 1.12. Entrée Resources has a 1 year low of $0.56 and a 1 year high of $1.18.

Entrée Resources (OTCMKTS:ERLFF) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Entrée Resources Company Profile

Entrée Resources Ltd., an exploration stage company, engages in the development and exploration of mineral property interests located in Mongolia, Peru, Australia, and Canada. The company's principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold porphyry deposit and the Heruga copper-gold-molybdenum porphyry deposit located in Mongolia.