Short Interest in Entrée Resources Ltd. (OTCMKTS:ERLFF) Drops By 17.6%

Entrée Resources Ltd. (OTCMKTS:ERLFF) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 43,200 shares, a decline of 17.6% from the January 31st total of 52,400 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 1.1 days.

Entrée Resources Price Performance

ERLFF stock traded down $0.03 during midday trading on Thursday, hitting $1.63. The stock had a trading volume of 16,977 shares, compared to its average volume of 18,999. The business has a 50-day moving average of $1.77 and a two-hundred day moving average of $1.55. The firm has a market cap of $338.27 million, a price-to-earnings ratio of -32.62 and a beta of 1.06. Entrée Resources has a 52-week low of $0.90 and a 52-week high of $1.91.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut Entrée Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Entrée Resources Company Profile

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.