Solitario Resources Corp. Sees Significant Increase in Short Interest

Solitario Resources Corp. (NYSEAMERICAN:XPL) experienced a noteworthy rise in short interest during February. As of February 15th, the total short interest amounted to 126,400 shares, reflecting an increase of 34.6% from the previous total of 93,900 shares recorded on January 31st. With an average daily trading volume of 52,200 shares, the current days-to-cover ratio stands at 2.4 days. Presently, 0.2% of the company's shares are short sold.

Analyst Price Targets

In a recent report, HC Wainwright reaffirmed a "buy" rating for Solitario Resources and set a price target of $1.20 on the company's shares as of February 7th.

Institutional Investment Changes

Hedge funds have been adjusting their positions regarding Solitario Resources. For instance, Total Wealth Planning & Management Inc. acquired a new stake in the company worth approximately $90,000 during the fourth quarter. Furthermore, Millennium Management LLC also purchased a new position valued at $44,000 in the same quarter. Lido Advisors LLC made a bigger move by acquiring a new position worth $555,000 in Solitario Resources. Additionally, National Bank of Canada FI increased its stake by 57.1%, now holding 165,000 shares worth about $98,000 after adding an extra 60,000 shares in the last quarter. Lastly, Geode Capital Management LLC raised its holdings by 11.4% during the third quarter, now owning 579,870 shares valued at approximately $406,000. Overall, institutional investors currently own about 18.23% of the company’s stock.

Solitario Resources Stock Performance

On Tuesday, shares of Solitario Resources opened at $0.65. Over the past year, the stock has reached a low of $0.46 and a high of $0.98, with a total market capitalization of $52.94 million. The company's price-to-earnings ratio stands at -10.83, and its beta is recorded at 0.89.

About Solitario Resources

Solitario Resources Corp. is an exploration-stage company dedicated to acquiring and exploring properties for precious metals, zinc, and other base metals across North and South America. The company holds a 50% interest in the Lik zinc-lead-silver property situated in Northwest Alaska, a 39% interest in the Florida Canyon zinc project in northern Peru, and an 85% interest in the Chambara exploration project located in Peru.

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