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

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 319,700 shares, a growth of 31.9% from the September 15th total of 242,300 shares. Based on an average daily volume of 158,600 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.9% of the shares of the stock are sold short.

Idaho Strategic Resources Stock Performance

IDR stock traded down €0.34 ($0.37) during midday trading on Tuesday, reaching €14.45 ($15.71). The company's stock had a trading volume of 418,600 shares, compared to its average volume of 91,531. The company has a quick ratio of 5.58, a current ratio of 6.01 and a debt-to-equity ratio of 0.07. Idaho Strategic Resources has a 1 year low of €4.55 ($4.95) and a 1 year high of €17.25 ($18.75). The firm has a market cap of $187.27 million, a price-to-earnings ratio of 37.92 and a beta of 0.80.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported €0.17 ($0.18) EPS for the quarter, beating the consensus estimate of €0.07 ($0.08) by €0.10 ($0.11). The firm had revenue of €6.13 million for the quarter, compared to analyst estimates of €5.20 million. Idaho Strategic Resources had a return on equity of 22.07% and a net margin of 26.69%. Analysts predict that Idaho Strategic Resources will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Idaho Strategic Resources by 3.6% during the first quarter. Vanguard Group Inc. now owns 466,215 shares of the company's stock valued at $3,944,000 after purchasing an additional 16,215 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Idaho Strategic Resources by 24.7% in the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company's stock worth $599,000 after acquiring an additional 12,050 shares in the last quarter. Brighton Jones LLC acquired a new stake in Idaho Strategic Resources in the second quarter worth about $496,000. Salem Investment Counselors Inc. boosted its holdings in Idaho Strategic Resources by 30.0% in the first quarter. Salem Investment Counselors Inc. now owns 17,354 shares of the company's stock worth $147,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Idaho Strategic Resources in the second quarter worth about $108,000. Institutional investors own 8.70% of the company's stock.

Analyst Ratings Changes

Separately, Roth Mkm increased their target price on Idaho Strategic Resources from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, August 26th.

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.

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