Trilogy Metals Inc (TMQ) Short Interest Up 1.1% in November
Trilogy Metals Inc (NYSEAMERICAN:TMQ) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 825,022 shares, an increase of 1.1% from the October 31st total of 816,155 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 106,853 shares, the days-to-cover ratio is presently 7.7 days.
Separately, Fundamental Research reiterated a “buy” rating and set a $2.15 target price on shares of Trilogy Metals in a research report on Friday, October 6th.
Trilogy Metals (NYSEAMERICAN TMQ) opened at $0.81 on Friday. Trilogy Metals has a 12 month low of $0.44 and a 12 month high of $1.35.
A hedge fund recently bought a new stake in Trilogy Metals stock. GMT Capital Corp bought a new position in Trilogy Metals Inc (NYSEAMERICAN:TMQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 664,006 shares of the mining company’s stock, valued at approximately $628,000. GMT Capital Corp owned 0.63% of Trilogy Metals at the end of the most recent reporting period.
About Trilogy Metals
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.
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