Short Interest in Entrée Resources Ltd. (OTCMKTS:ERLFF) Decreases By 42.0%

Entrée Resources Ltd. (OTCMKTS:ERLFF - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 44,200 shares, a decline of 42.0% from the July 31st total of 76,200 shares. Based on an average trading volume of 14,900 shares, the days-to-cover ratio is currently 3.0 days.

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Entrée Resources Price Performance

OTCMKTS:ERLFF remained flat at $1.12 during midday trading on Thursday. 11,482 shares of the company were exchanged, compared to its average volume of 16,737. The business has a 50 day moving average of $1.08 and a two-hundred day moving average of $1.06. Entrée Resources has a 52 week low of $0.84 and a 52 week high of $1.19. The firm has a market capitalization of $227.77 million, a PE ratio of -22.40 and a beta of 1.12.

Entrée Resources Company Profile

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Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.

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