Trilogy Metals Inc (TMQ) Short Interest Update
Trilogy Metals Inc (NYSEAMERICAN:TMQ) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,452,419 shares, a growth of 28.1% from the January 12th total of 1,133,907 shares. Based on an average daily volume of 283,756 shares, the short-interest ratio is presently 5.1 days. Approximately 2.2% of the company’s stock are short sold.
Trilogy Metals (TMQ) opened at $1.34 on Wednesday. Trilogy Metals has a twelve month low of $0.45 and a twelve month high of $1.64. The company has a market cap of $134.24, a P/E ratio of 6.60 and a beta of 0.36.
Separately, Zacks Investment Research cut shares of Trilogy Metals from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.
A hedge fund recently bought a new stake in Trilogy Metals stock. GMT Capital Corp purchased a new position in shares of Trilogy Metals Inc (NYSEAMERICAN:TMQ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 664,006 shares of the mining company’s stock, valued at approximately $628,000. GMT Capital Corp owned approximately 0.63% of Trilogy Metals as of its most recent SEC filing.
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About Trilogy Metals
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.
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