Skeena Resources Limited (NYSE:SKE) Sees Significant Decrease in Short Interest

Skeena Resources Limited (NYSE:SKE) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 3,190,000 shares, a decrease of 21.4% from the February 28th total of 4,060,000 shares. Based on an average trading volume of 324,000 shares, the short-interest ratio is presently 9.8 days. Approximately 3.8% of the company’s shares are sold short.

Skeena Resources Stock Up 0.0 %

Shares of Skeena Resources stock traded up $0.01 during trading on Tuesday, reaching $10.10. 289,973 shares of the stock were exchanged, compared to its average volume of 352,063. Skeena Resources has a 1 year low of $4.10 and a 1 year high of $11.74. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -7.37 and a beta of 1.29. The stock’s fifty day moving average is $10.24 and its 200 day moving average is $9.50.

Institutional Investors Weigh In On Skeena Resources

Large investors have recently made changes to their positions in the business. Helikon Investments Ltd lifted its stake in Skeena Resources by 316.1% in the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company’s stock worth $77,873,000 after acquiring an additional 6,784,027 shares during the period. Amundi lifted its position in shares of Skeena Resources by 9.8% in the 4th quarter. Amundi now owns 1,219,300 shares of the company’s stock worth $11,632,000 after purchasing an additional 109,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Skeena Resources by 5.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,156,738 shares of the company’s stock valued at $10,046,000 after purchasing an additional 60,838 shares in the last quarter. Sprott Inc. lifted its holdings in Skeena Resources by 5.1% in the fourth quarter. Sprott Inc. now owns 1,109,950 shares of the company’s stock worth $9,674,000 after buying an additional 54,242 shares during the period. Finally, Invesco Ltd. lifted its position in Skeena Resources by 4,414.9% during the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company’s stock valued at $6,836,000 after buying an additional 766,600 shares during the period. 45.15% of the stock is currently owned by institutional investors.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.