Entrée Resources Ltd. (OTCMKTS:ERLFF) Short Interest Up 728.9% in November

Entrée Resources Ltd. (OTCMKTS:ERLFF) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 31,500 shares, a growth of 728.9% from the November 15th total of 3,800 shares. Based on an average daily trading volume, of 17,400 shares, the days-to-cover ratio is presently 1.8 days.

Entrée Resources Stock Performance

Shares of OTCMKTS:ERLFF traded down $0.01 during midday trading on Friday, reaching $1.56. 5,400 shares of the company traded hands, compared to its average volume of 8,618. The firm’s fifty day moving average price is $1.52 and its two-hundred day moving average price is $1.27. Entrée Resources has a 12 month low of $0.84 and a 12 month high of $1.75.

Wall Street Analyst Weigh In

Separately, TD Securities lowered shares of Entrée Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

About Entrée Resources

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.