Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Update

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 110,531 shares, a growth of 42.2% from the February 12th total of 77,753 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 324,437 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 324,437 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Solitario Resources presently has a consensus rating of “Moderate Buy” and an average target price of $1.20.

Institutional Trading of Solitario Resources

Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd increased its holdings in Solitario Resources by 185.0% during the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after buying an additional 34,415 shares during the last quarter. Focused Wealth Management Inc grew its position in shares of Solitario Resources by 7.0% during the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 40,000 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Solitario Resources during the 3rd quarter valued at $35,000. Geode Capital Management LLC increased its stake in shares of Solitario Resources by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 55,958 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Solitario Resources by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company’s stock worth $903,000 after purchasing an additional 178,035 shares in the last quarter. 18.23% of the stock is currently owned by institutional investors.

Solitario Resources Trading Down 5.1%

Shares of XPL stock opened at $0.87 on Monday. Solitario Resources has a 12-month low of $0.54 and a 12-month high of $0.98. The stock has a market capitalization of $80.22 million, a P/E ratio of -17.40 and a beta of 0.41. The firm’s 50 day moving average is $0.76 and its 200 day moving average is $0.71.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.