Trilogy Metals Inc (NYSEAMERICAN:TMQ) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 526,114 shares, a growth of 2.8% from the October 15th total of 511,548 shares. Based on an average daily volume of 160,359 shares, the days-to-cover ratio is currently 3.3 days.

Trilogy Metals stock opened at $2.18 on Friday. Trilogy Metals has a 1-year low of $0.69 and a 1-year high of $2.34.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its quarterly earnings results on Friday, October 5th. The mining company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06).

Separately, Zacks Investment Research downgraded Trilogy Metals from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st.

Institutional investors have recently bought and sold shares of the stock. Manatuck Hill Partners LLC boosted its stake in shares of Trilogy Metals by 29.5% in the second quarter. Manatuck Hill Partners LLC now owns 272,998 shares of the mining company’s stock valued at $486,000 after buying an additional 62,205 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Trilogy Metals by 164.0% in the second quarter. Millennium Management LLC now owns 6,022,604 shares of the mining company’s stock valued at $10,720,000 after buying an additional 3,741,714 shares in the last quarter. Finally, Selz Capital LLC boosted its stake in shares of Trilogy Metals by 94.8% in the second quarter. Selz Capital LLC now owns 10,277,412 shares of the mining company’s stock valued at $18,294,000 after buying an additional 5,000,924 shares in the last quarter.

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Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic copper-zinc-lead-gold-silver project and Bornite carbonate-hosted copper project covering an area of approximately 355,400 acres located in the Ambler mining district in Northwest Alaska.

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