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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 1,450,000 shares, a drop of 19.9% from the November 30th total of 1,810,000 shares. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is currently 0.8 days. Approximately 1.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Trilogy Metals

Institutional investors have recently added to or reduced their stakes in the business. Old West Investment Management LLC boosted its position in shares of Trilogy Metals by 252.7% during the 3rd quarter. Old West Investment Management LLC now owns 10,929,140 shares of the mining company’s stock worth $5,465,000 after purchasing an additional 7,830,209 shares in the last quarter. Wexford Capital LP raised its stake in Trilogy Metals by 90.2% during the 3rd quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock worth $2,214,000 after buying an additional 2,169,593 shares during the period. Finally, Virtu Financial LLC raised its stake in Trilogy Metals by 85.7% during the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock worth $65,000 after buying an additional 61,683 shares during the period. 16.75% of the stock is owned by institutional investors and hedge funds.

Trilogy Metals Stock Down 5.9 %

TMQ stock traded down $0.07 during midday trading on Friday, hitting $1.12. The stock had a trading volume of 316,454 shares, compared to its average volume of 623,552. The firm has a market cap of $180.42 million, a price-to-earnings ratio of -18.67 and a beta of 1.59. Trilogy Metals has a 1-year low of $0.25 and a 1-year high of $1.40.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Research analysts expect that Trilogy Metals will post -0.04 earnings per share for the current year.

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.