Integra Resources Corp. (NYSEAMERICAN:ITRG) Sees Large Decrease in Short Interest

Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 523,000 shares, a drop of 25.2% from the January 15th total of 698,900 shares. Based on an average daily volume of 342,300 shares, the short-interest ratio is presently 1.5 days. Currently, 0.4% of the company's shares are sold short.

Hedge Funds Weigh In On Integra Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rathbones Group PLC purchased a new stake in shares of Integra Resources during the 4th quarter valued at $28,000. Millennium Management LLC purchased a new position in shares of Integra Resources in the 4th quarter worth $39,000. Bank of America Corp DE boosted its holdings in Integra Resources by 336.4% in the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock valued at $41,000 after acquiring an additional 35,997 shares during the last quarter. Jane Street Group LLC purchased a new stake in Integra Resources during the fourth quarter valued at about $42,000. Finally, Susquehanna Advisors Group Inc. acquired a new stake in Integra Resources during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 26.67% of the company's stock.

Integra Resources Price Performance

Shares of NYSEAMERICAN ITRG traded down $0.07 on Monday, reaching $1.20. 413,441 shares of the company traded hands, compared to its average volume of 469,161. Integra Resources has a fifty-two week low of $0.64 and a fifty-two week high of $1.28. The company has a market cap of $202.28 million, a P/E ratio of -3.64 and a beta of 1.37.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ITRG. Desjardins raised shares of Integra Resources to a "moderate buy" rating in a research report on Thursday, October 31st. Cormark upgraded Integra Resources to a "moderate buy" rating in a report on Monday, November 11th. Finally, HC Wainwright decreased their price objective on Integra Resources from $3.75 to $2.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.