International Tower Hill Mines Ltd (THM) Sees Significant Growth in Short Interest
International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 784,716 shares, a growth of 5.6% from the January 15th total of 742,906 shares. Based on an average daily volume of 161,013 shares, the short-interest ratio is presently 4.9 days.
A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. raised its position in shares of International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,234,678 shares of the mining company’s stock after buying an additional 104,235 shares during the period. Russell Investments Group Ltd. owned about 0.66% of International Tower Hill Mines worth $590,000 as of its most recent filing with the Securities and Exchange Commission.
NYSEAMERICAN THM opened at $0.57 on Tuesday. International Tower Hill Mines has a 1-year low of $0.35 and a 1-year high of $0.78.
About International Tower Hill Mines
International Tower Hill Mines Ltd., a mineral exploration company, acquires and explores for mineral properties Canada and the United States. It holds or has rights to acquire ownership or leasehold interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.
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