Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Update

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,020,000 shares, a decline of 17.7% from the January 15th total of 1,240,000 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the company’s stock are short sold.

Institutional Trading of Trilogy Metals

Several institutional investors have recently modified their holdings of the stock. XTX Topco Ltd raised its position in Trilogy Metals by 235.5% in the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock valued at $56,000 after purchasing an additional 33,636 shares during the last quarter. Virtu Financial LLC raised its position in Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock valued at $65,000 after purchasing an additional 61,683 shares during the last quarter. Pinnbrook Capital Management LP purchased a new stake in Trilogy Metals in the 4th quarter valued at $615,000. Bornite Capital Management LP purchased a new stake in Trilogy Metals in the 4th quarter valued at $812,000. Finally, Sprott Inc. raised its position in Trilogy Metals by 64.9% in the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company’s stock valued at $2,430,000 after purchasing an additional 824,071 shares during the last quarter. Hedge funds and other institutional investors own 16.75% of the company’s stock.

Trilogy Metals Stock Performance

NYSEAMERICAN TMQ opened at $1.35 on Friday. Trilogy Metals has a 52 week low of $0.25 and a 52 week high of $1.48.

About Trilogy Metals

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.