EMX Royalty Co. (NYSEAMERICAN:EMX) Sees Significant Increase in Short Interest

EMX Royalty Co. (NYSEAMERICAN:EMX - Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 206,200 shares, an increase of 86.4% from the February 13th total of 110,600 shares. Based on an average daily volume of 323,200 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

EMX Royalty Price Performance

EMX Royalty stock traded down $0.02 during mid-day trading on Wednesday, reaching $1.89. The company had a trading volume of 523,457 shares, compared to its average volume of 307,106. EMX Royalty has a 1 year low of $1.59 and a 1 year high of $2.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 13.15 and a quick ratio of 13.15. The company has a market cap of $205.63 million, a P/E ratio of -47.25 and a beta of 0.81. The business's 50-day simple moving average is $1.78.

Wall Street Analyst Weigh In

Separately, HC Wainwright dropped their target price on shares of EMX Royalty from $7.00 to $5.00 and set a "buy" rating for the company in a report on Friday, March 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EMX. BNP Paribas Financial Markets increased its stake in shares of EMX Royalty by 26.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company's stock worth $139,000 after purchasing an additional 16,200 shares in the last quarter. Ullmann Wealth Partners Group LLC purchased a new position in shares of EMX Royalty during the 4th quarter worth approximately $35,000. Apollon Wealth Management LLC purchased a new position in shares of EMX Royalty during the 4th quarter worth approximately $25,000. Meixler Investment Management Ltd. purchased a new position in shares of EMX Royalty during the 4th quarter worth approximately $56,000. Finally, Sprott Inc. increased its stake in shares of EMX Royalty by 31.4% during the 4th quarter. Sprott Inc. now owns 3,014,481 shares of the company's stock worth $5,219,000 after purchasing an additional 720,458 shares in the last quarter. 21.54% of the stock is owned by hedge funds and other institutional investors.

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EMX Royalty Company Profile

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.