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

Entrée Resources Ltd. (OTCMKTS:ERLFF - Get Free Report) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 24,200 shares, a drop of 44.0% from the February 13th total of 43,200 shares. Based on an average trading volume of 36,700 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Entrée Resources Stock Performance

Shares of Entrée Resources stock traded up $0.02 on Tuesday, hitting $1.59. 16,079 shares of the company's stock were exchanged, compared to its average volume of 19,001. The company has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $1.58. The stock has a market capitalization of $330.39 million, a PE ratio of -31.86 and a beta of 0.99. Entrée Resources has a 1 year low of $0.90 and a 1 year high of $1.91.

Entrée Resources (OTCMKTS:ERLFF - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported ($0.04) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut shares of Entrée Resources from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th.

About Entrée Resources

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.