Versamet Royalties Corporation (NASDAQ:VMET) Short Interest Update

Versamet Royalties Corporation (NASDAQ:VMET) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 315,852 shares, an increase of 73.3% from the May 31st total of 182,232 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 263,450 shares, the days-to-cover ratio is currently 1.2 days.

Versamet Royalties Stock Down 8.7%

NASDAQ:VMET traded down $1.12 on Thursday, reaching $11.67. 189,834 shares of the stock traded hands, compared to its average volume of 143,225. The firm has a market capitalization of $1.27 billion and a P/E ratio of 36.48. Versamet Royalties has a 12 month low of $5.40 and a 12 month high of $15.58. The stock’s fifty day moving average is $12.13.

Versamet Royalties (NASDAQ:VMET) last issued its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The firm had revenue of $23.97 million during the quarter.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Versamet Royalties to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings initiated coverage on shares of Versamet Royalties in a research report on Tuesday, April 7th. They set a “sell (e)” rating on the stock. BMO Capital Markets upgraded shares of Versamet Royalties to a “strong-buy” rating in a report on Monday, April 6th. Finally, Wall Street Zen raised Versamet Royalties to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.