Short Interest in Integra Resources Corp. (NYSEAMERICAN:ITRG) Increases By 43.0%

Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 623,200 shares, a growth of 43.0% from the November 30th total of 435,900 shares. Based on an average daily trading volume, of 267,400 shares, the short-interest ratio is presently 2.3 days. Approximately 0.4% of the company's shares are sold short.

Integra Resources Stock Performance

Shares of ITRG traded down $0.01 during trading hours on Monday, reaching $0.87. 238,225 shares of the stock traded hands, compared to its average volume of 176,359. The stock has a market cap of $146.64 million, a price-to-earnings ratio of -2.64 and a beta of 1.35. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ITRG shares. Cormark upgraded Integra Resources to a "moderate buy" rating in a research note on Monday, November 11th. HC Wainwright reiterated a "buy" rating and set a $3.75 price target on shares of Integra Resources in a report on Thursday, October 31st. Finally, Desjardins upgraded Integra Resources to a "moderate buy" rating in a report on Thursday, October 31st.

Hedge Funds Weigh In On Integra Resources

An institutional investor recently bought a new position in Integra Resources stock. The Manufacturers Life Insurance Company purchased a new stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,217,846 shares of the company's stock, valued at approximately $1,189,000. The Manufacturers Life Insurance Company owned approximately 1.38% of Integra Resources at the end of the most recent reporting period. 26.67% of the stock is currently owned by hedge funds and other institutional investors.

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.