Short Interest in Integra Resources Corp. (NYSEAMERICAN:ITRG) Rises By 50.4%

Integra Resources Corp. (NYSEAMERICAN:ITRG) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 850,500 shares, a growth of 50.4% from the September 30th total of 565,400 shares. Based on an average trading volume of 181,400 shares, the short-interest ratio is currently 4.7 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Renaissance Technologies LLC grew its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 309,989 shares of the company’s stock after purchasing an additional 159,709 shares during the quarter. Renaissance Technologies LLC owned approximately 0.35% of Integra Resources worth $286,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Price Performance

Shares of ITRG opened at $1.20 on Tuesday. Integra Resources has a 1 year low of $0.64 and a 1 year high of $1.28. The stock has a market capitalization of $106.15 million, a PE ratio of -3.24 and a beta of 1.43.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). As a group, sell-side analysts expect that Integra Resources will post -0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $3.75 price target on shares of Integra Resources in a research report on Tuesday, July 30th.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.