Integra Resources Corp. (NYSEAMERICAN:ITRG) Sees Large Increase in Short Interest

Integra Resources Corp. (NYSEAMERICAN:ITRG) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 357,200 shares, a growth of 54.2% from the August 31st total of 231,600 shares. Based on an average daily volume of 135,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.5% of the shares of the company are sold short.

Integra Resources Price Performance

Shares of Integra Resources stock opened at $1.02 on Friday. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.13. The stock has a market capitalization of $90.22 million, a PE ratio of -2.43 and a beta of 1.43.

Integra Resources (NYSEAMERICAN:ITRG) last announced its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). As a group, analysts anticipate that Integra Resources will post -0.18 earnings per share for the current year.

Institutional Trading of Integra Resources

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

Analyst Ratings Changes

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

About Integra Resources

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.