Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 850,500 shares, a growth of 50.4% from the September 30th total of 565,400 shares. Based on an average daily volume of 181,400 shares, the short-interest ratio is currently 4.7 days. Currently, 1.2% of the company's stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Integra Resources stock. Equinox Partners Investment Management LLC grew its holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 26.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,815,130 shares of the company's stock after buying an additional 1,857,264 shares during the quarter. Integra Resources makes up about 5.2% of Equinox Partners Investment Management LLC's investment portfolio, making the stock its 6th largest holding. Equinox Partners Investment Management LLC owned approximately 9.97% of Integra Resources worth $8,055,000 as of its most recent SEC filing. 26.67% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and issued a $3.75 target price on shares of Integra Resources in a research note on Tuesday, July 30th.
View Our Latest Report on ITRG
Integra Resources Stock Performance
Shares of ITRG stock traded up $0.01 on Friday, reaching $1.21. The company's stock had a trading volume of 234,989 shares, compared to its average volume of 215,831. The company has a market capitalization of $107.04 million, a PE ratio of -3.27 and a beta of 1.43. Integra Resources has a 12-month low of $0.64 and a 12-month high of $1.28.
Integra Resources (NYSEAMERICAN:ITRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). On average, sell-side analysts forecast that Integra Resources will post -0.18 EPS for the current fiscal year.
Integra Resources Company Profile
(
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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.
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