Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Up 56.4% in October

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 499,900 shares, an increase of 56.4% from the September 30th total of 319,700 shares. Currently, 4.4% of the company's stock are short sold. Based on an average daily volume of 195,800 shares, the days-to-cover ratio is presently 2.6 days.

Idaho Strategic Resources Trading Down 3.3 %

Shares of NYSEAMERICAN:IDR traded down €0.59 ($0.64) during midday trading on Friday, hitting €17.07 ($18.55). The company had a trading volume of 172,100 shares, compared to its average volume of 97,943. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.01 and a quick ratio of 5.58. The firm has a market capitalization of $221.23 million, a price-to-earnings ratio of 43.77 and a beta of 0.80. Idaho Strategic Resources has a 12-month low of €4.75 ($5.16) and a 12-month high of €18.35 ($19.95).

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported €0.17 ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of €0.07 ($0.08) by €0.10 ($0.11). Idaho Strategic Resources had a return on equity of 22.07% and a net margin of 26.69%. The business had revenue of €6.13 million during the quarter, compared to analyst estimates of €5.20 million. Sell-side analysts forecast that Idaho Strategic Resources will post 0.77 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm upped their price objective 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in shares of Idaho Strategic Resources during the 2nd quarter valued at about $496,000. Dimensional Fund Advisors LP bought a new position in shares of Idaho Strategic Resources during the 2nd quarter valued at about $108,000. Vanguard Group Inc. lifted its holdings in shares of Idaho Strategic Resources by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 466,215 shares of the company's stock valued at $3,944,000 after acquiring an additional 16,215 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Idaho Strategic Resources by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company's stock valued at $599,000 after acquiring an additional 12,050 shares during the last quarter. Finally, WR Wealth Planners LLC lifted its holdings in shares of Idaho Strategic Resources by 145.2% in the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company's stock valued at $39,000 after acquiring an additional 2,323 shares during the last quarter. Institutional investors own 8.70% of the company's stock.

About Idaho Strategic Resources

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.