Short Interest in Polymet Mining Corp (PLM) Increases By 0.7%
Polymet Mining Corp (NYSE:PLM) (TSE:POM) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,038,888 shares, a growth of 0.7% from the August 15th total of 3,017,082 shares. Based on an average daily trading volume, of 168,237 shares, the short-interest ratio is presently 18.1 days. Currently, 1.4% of the shares of the company are sold short.
Shares of Polymet Mining Corp (PLM) opened at 0.6299 on Friday. Polymet Mining Corp has a 52 week low of $0.57 and a 52 week high of $0.97. The stock’s 50 day moving average is $0.63 and its 200 day moving average is $0.68. The firm’s market cap is $200.69 million.
Institutional investors have recently bought and sold shares of the business. Virtu KCG Holdings LLC acquired a new position in Polymet Mining Corp during the 2nd quarter valued at about $187,000. Royal Bank of Canada boosted its stake in Polymet Mining Corp by 4.1% during the 2nd quarter. Royal Bank of Canada now owns 1,061,800 shares of the basic materials company’s stock valued at $626,000 after purchasing an additional 41,750 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Polymet Mining Corp during the 1st quarter valued at about $8,227,000.
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About Polymet Mining Corp
PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.
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