Entree Gold Inc (OTCMKTS:ERLFF) Short Interest Up 57.3% in January

Entree Gold Inc (OTCMKTS:ERLFF) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 269,578 shares, an increase of 57.3% from the January 15th total of 171,420 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 75,075 shares, the short-interest ratio is presently 3.6 days. Based on an average trading volume of 75,075 shares, the short-interest ratio is presently 3.6 days. Approximately 0.1% of the company’s shares are sold short.

Entree Gold Stock Performance

ERLFF opened at $2.13 on Friday. The stock has a market capitalization of $443.84 million, a PE ratio of -21.28 and a beta of 0.56. The stock’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.70. Entree Gold has a 52-week low of $1.30 and a 52-week high of $2.47.

Entree Gold Company Profile

Entree Gold Inc is a Canada-based mineral exploration company focused on the discovery and development of copper and gold projects. The company’s core strategy centers on advancing high-potential assets in politically stable jurisdictions, with a primary emphasis on strategic partnerships and joint ventures to maximize shareholder value.

A cornerstone of Entree Gold’s portfolio is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia’s South Gobi region. Under this agreement, Entree holds a 20% participating interest in the mineralization adjacent to the giant Oyu Tolgoi copper–gold mine, operated by Rio Tinto.