Short Interest in Polymet Mining Corp. (PLM) Grows By 11.6%
Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,010,170 shares, a growth of 11.6% from the November 30th total of 905,426 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 481,121 shares, the days-to-cover ratio is presently 2.1 days.
A hedge fund recently bought a new stake in Polymet Mining stock. Virtu KCG Holdings LLC bought a new stake in shares of Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 316,532 shares of the basic materials company’s stock, valued at approximately $187,000. Virtu KCG Holdings LLC owned 0.10% of Polymet Mining at the end of the most recent reporting period.
Shares of Polymet Mining (PLM) traded up $0.08 during mid-day trading on Wednesday, reaching $0.81. The company had a trading volume of 781,467 shares, compared to its average volume of 223,274. The stock has a market cap of $220.23, a PE ratio of -20.25 and a beta of 1.01. Polymet Mining has a 52 week low of $0.57 and a 52 week high of $0.97.
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About Polymet Mining
PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.
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