EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Up 86.4% in February

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 206,200 shares, a growth of 86.4% from the February 13th total of 110,600 shares. Based on an average daily volume of 323,200 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of EMX Royalty

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of EMX Royalty by 162.3% in the fourth quarter. Millennium Management LLC now owns 68,059 shares of the company’s stock worth $118,000 after buying an additional 42,110 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in EMX Royalty during the 4th quarter valued at $201,000. BNP Paribas Financial Markets raised its stake in EMX Royalty by 12.6% during the 4th quarter. BNP Paribas Financial Markets now owns 87,700 shares of the company’s stock valued at $152,000 after purchasing an additional 9,800 shares during the last quarter. Marshall Wace LLP acquired a new position in EMX Royalty during the 4th quarter valued at $61,000. Finally, Investment Counsel Co. of Nevada acquired a new position in EMX Royalty during the 4th quarter valued at $33,000. 21.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their target price on shares of EMX Royalty from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday.

EMX Royalty Price Performance

EMX stock remained flat at $1.85 during trading hours on Friday. 247,664 shares of the company’s stock traded hands, compared to its average volume of 304,745. The business has a 50 day simple moving average of $1.77. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. EMX Royalty has a 12 month low of $1.59 and a 12 month high of $2.15. The stock has a market cap of $201.28 million, a PE ratio of -46.25 and a beta of 0.81.

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.