Short Interest in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Decreases By 28.2%

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 218,100 shares, a drop of 28.2% from the August 15th total of 303,800 shares. Based on an average trading volume of 239,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are short sold.

Trilogy Metals Trading Up 0.2 %

Shares of TMQ stock traded up $0.00 during trading hours on Monday, reaching $0.50. 34,344 shares of the company were exchanged, compared to its average volume of 243,076. The firm has a market capitalization of $79.47 million, a price-to-earnings ratio of -6.18 and a beta of 1.38. Trilogy Metals has a fifty-two week low of $0.25 and a fifty-two week high of $0.71.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings results on Friday, July 12th. The mining company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). On average, equities research analysts forecast that Trilogy Metals will post -0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, TD Securities lowered shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th.

Hedge Funds Weigh In On Trilogy Metals

A number of hedge funds have recently bought and sold shares of the business. TSP Capital Management Group LLC increased its position in Trilogy Metals by 5.1% during the first quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock worth $2,514,000 after acquiring an additional 245,000 shares during the period. Old West Investment Management LLC increased its holdings in Trilogy Metals by 54.6% in the 2nd quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company’s stock valued at $1,549,000 after buying an additional 1,094,842 shares during the period. Goehring & Rozencwajg Associates LLC increased its holdings in Trilogy Metals by 3.0% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company’s stock valued at $721,000 after buying an additional 47,310 shares during the period. Tidal Investments LLC bought a new position in Trilogy Metals in the 1st quarter valued at about $525,000. Finally, Virtu Financial LLC increased its holdings in Trilogy Metals by 301.1% in the 1st quarter. Virtu Financial LLC now owns 186,226 shares of the mining company’s stock valued at $93,000 after buying an additional 139,798 shares during the period. 16.75% of the stock is owned by institutional investors.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.