Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Up 54.2% in September

Integra Resources Corp. (NYSEAMERICAN:ITRG) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 357,200 shares, a growth of 54.2% from the August 31st total of 231,600 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 135,000 shares, the days-to-cover ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.75 price objective on shares of Integra Resources in a report on Tuesday, July 30th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Integra Resources stock. Equinox Partners Investment Management LLC increased its holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 26.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,815,130 shares of the company’s stock after acquiring an additional 1,857,264 shares during the period. Integra Resources comprises about 5.2% of Equinox Partners Investment Management LLC’s holdings, making the stock its 6th largest holding. Equinox Partners Investment Management LLC owned approximately 9.97% of Integra Resources worth $8,055,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Stock Performance

NYSEAMERICAN ITRG opened at $0.97 on Friday. The company has a market capitalization of $85.81 million, a P/E ratio of -2.31 and a beta of 1.43. Integra Resources has a 12 month low of $0.64 and a 12 month high of $1.13.

Integra Resources (NYSEAMERICAN:ITRG) last announced its earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). On average, research analysts expect that Integra Resources will post -0.18 EPS for the current fiscal year.

About Integra Resources

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.