Entrée Resources Ltd. (OTCMKTS:ERLFF) Short Interest Update

Entrée Resources Ltd. (OTCMKTS:ERLFF) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 24,200 shares, a decline of 44.0% from the February 13th total of 43,200 shares. Based on an average daily volume of 36,700 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Entrée Resources Stock Performance

ERLFF stock traded up $0.04 on Friday, reaching $1.57. The company had a trading volume of 23,626 shares, compared to its average volume of 19,290. Entrée Resources has a 1 year low of $0.90 and a 1 year high of $1.91. The company’s fifty day moving average is $1.75 and its 200 day moving average is $1.57. The company has a market cap of $325.62 million, a P/E ratio of -31.40 and a beta of 0.99.

Entrée Resources (OTCMKTS:ERLFF) last posted its earnings results on Wednesday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter.

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.