Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Up 7.6% in October

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 537,800 shares, an increase of 7.6% from the October 15th total of 499,900 shares. Approximately 4.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 252,400 shares, the days-to-cover ratio is currently 2.1 days.

Idaho Strategic Resources Stock Performance

NYSEAMERICAN IDR traded up €0.55 ($0.59) on Monday, reaching €11.53 ($12.27). The company had a trading volume of 235,900 shares, compared to its average volume of 116,344. The company has a market capitalization of $157.50 million, a price-to-earnings ratio of 23.37 and a beta of 0.81. The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06. Idaho Strategic Resources has a fifty-two week low of €5.18 ($5.51) and a fifty-two week high of €18.35 ($19.52).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share for the quarter, missing the consensus estimate of €0.21 ($0.22) by (€0.06) (($0.06)). The company had revenue of €6.15 million during the quarter, compared to analyst estimates of €7.40 million. Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. Sell-side analysts expect that Idaho Strategic Resources will post 0.71 EPS for the current year.

Insider Buying and Selling

In other news, CEO John Swallow sold 225,000 shares of Idaho Strategic Resources stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of €13.04 ($13.87), for a total transaction of €2,934,000.00 ($3,121,276.60). Following the sale, the chief executive officer now directly owns 955,248 shares of the company’s stock, valued at approximately €12,456,433.92 ($13,251,525.45). This trade represents a 19.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Monique D. Hayes sold 7,746 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of €11.51 ($12.24), for a total value of €89,156.46 ($94,847.30). Following the sale, the insider now owns 27,670 shares in the company, valued at approximately €318,481.70 ($338,810.32). This trade represents a 21.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Idaho Strategic Resources

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in Idaho Strategic Resources in the second quarter worth approximately $496,000. State Street Corp increased its stake in shares of Idaho Strategic Resources by 245.5% in the 3rd quarter. State Street Corp now owns 38,700 shares of the company’s stock valued at $622,000 after acquiring an additional 27,500 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Idaho Strategic Resources during the 3rd quarter valued at $417,000. Navellier & Associates Inc. lifted its position in shares of Idaho Strategic Resources by 104.6% during the 3rd quarter. Navellier & Associates Inc. now owns 49,817 shares of the company’s stock valued at $801,000 after acquiring an additional 25,469 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Idaho Strategic Resources by 3.6% in the first quarter. Vanguard Group Inc. now owns 466,215 shares of the company’s stock worth $3,944,000 after purchasing an additional 16,215 shares during the period. Institutional investors own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm upped their price target on shares of Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, August 26th.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.