Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Down 25.2% in November

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 1,810,000 shares, a drop of 25.2% from the November 15th total of 2,420,000 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,680,000 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Old West Investment Management LLC boosted its stake in Trilogy Metals by 252.7% in the 3rd quarter. Old West Investment Management LLC now owns 10,929,140 shares of the mining company’s stock worth $5,465,000 after purchasing an additional 7,830,209 shares during the period. Wexford Capital LP raised its stake in shares of Trilogy Metals by 90.2% during the 3rd quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock worth $2,214,000 after purchasing an additional 2,169,593 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock valued at $65,000 after buying an additional 61,683 shares during the last quarter. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Trading Down 1.5 %

Shares of NYSEAMERICAN:TMQ traded down $0.02 during trading on Friday, hitting $1.11. 48,458 shares of the company’s stock were exchanged, compared to its average volume of 637,474. Trilogy Metals has a 1-year low of $0.25 and a 1-year high of $1.40.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its earnings results on Wednesday, October 9th. The mining company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Research analysts forecast that Trilogy Metals will post -0.04 EPS for the current fiscal year.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.