EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Up 51.2% in August

EMX Royalty Co. (NYSEAMERICAN:EMX) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 37,800 shares, an increase of 51.2% from the August 15th total of 25,000 shares. Based on an average daily trading volume, of 256,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, HC Wainwright dropped their target price on shares of EMX Royalty from $6.75 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

EMX Royalty Stock Up 4.6 %

Shares of EMX traded up $0.08 during mid-day trading on Friday, reaching $1.81. The company’s stock had a trading volume of 598,112 shares, compared to its average volume of 288,155. EMX Royalty has a 1-year low of $1.41 and a 1-year high of $2.15. The stock has a market cap of $204.89 million, a price-to-earnings ratio of -60.17 and a beta of 0.84.

EMX Royalty (NYSEAMERICAN:EMX) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. The business had revenue of $6.01 million for the quarter. As a group, analysts expect that EMX Royalty will post -0.03 earnings per share for the current year.

Institutional Trading of EMX Royalty

Several hedge funds and other institutional investors have recently modified their holdings of EMX. BNP Paribas Financial Markets grew its holdings in EMX Royalty by 817.6% in the 1st quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock valued at $27,000 after buying an additional 13,900 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of EMX Royalty in the second quarter valued at about $33,000. Kings Path Partners LLC bought a new position in EMX Royalty during the second quarter worth about $33,000. Finally, Virtu Financial LLC increased its position in EMX Royalty by 509.6% during the first quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock worth $199,000 after acquiring an additional 96,508 shares during the period. Institutional investors own 21.54% of the company’s stock.

EMX Royalty Company Profile

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.