Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Sees Significant Growth in Short Interest

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 573,000 shares, a growth of 23.8% from the November 30th total of 462,900 shares. Based on an average trading volume of 265,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 4.8% of the shares of the stock are short sold.

Idaho Strategic Resources Price Performance

IDR stock traded up €0.29 ($0.30) during trading on Tuesday, reaching €10.19 ($10.51). 132,000 shares of the stock traded hands, compared to its average volume of 125,664. The company has a market cap of $139.20 million, a PE ratio of 19.98 and a beta of 0.74. The company has a current ratio of 5.52, a quick ratio of 5.15 and a debt-to-equity ratio of 0.06. Idaho Strategic Resources has a 52-week low of €5.66 ($5.84) and a 52-week high of €18.35 ($18.92).

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. The business had revenue of €6.15 million for the quarter, compared to analyst estimates of €7.40 million. As a group, research analysts predict that Idaho Strategic Resources will post 0.71 EPS for the current year.

Insider Buying and Selling at Idaho Strategic Resources

In other Idaho Strategic Resources news, insider Monique D. Hayes sold 7,746 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of €11.51 ($11.87), for a total value of €89,156.46 ($91,913.88). Following the completion of the transaction, the insider now directly owns 27,670 shares in the company, valued at approximately €318,481.70 ($328,331.65). The trade was a 21.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Swallow sold 225,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of €13.04 ($13.44), for a total value of €2,934,000.00 ($3,024,742.27). Following the transaction, the chief executive officer now directly owns 955,248 shares in the company, valued at approximately €12,456,433.92 ($12,841,684.45). This represents a 19.06 % decrease in their position. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

Institutional Trading of Idaho Strategic Resources

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Idaho Strategic Resources during the second quarter valued at about $496,000. State Street Corp grew its stake in Idaho Strategic Resources by 245.5% during the 3rd quarter. State Street Corp now owns 38,700 shares of the company's stock valued at $622,000 after purchasing an additional 27,500 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Idaho Strategic Resources during the 3rd quarter worth approximately $417,000. Navellier & Associates Inc. raised its position in shares of Idaho Strategic Resources by 104.6% in the 3rd quarter. Navellier & Associates Inc. now owns 49,817 shares of the company's stock valued at $801,000 after purchasing an additional 25,469 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Idaho Strategic Resources by 59,773.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,567 shares of the company's stock valued at $250,000 after buying an additional 15,541 shares during the last quarter. Institutional investors and hedge funds own 8.70% of the company's stock.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.