Short Interest in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Increases By 10.4%

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 705,900 shares, an increase of 10.4% from the January 15th total of 639,600 shares. Based on an average trading volume of 208,200 shares, the days-to-cover ratio is currently 3.4 days. Approximately 5.9% of the shares of the company are short sold.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN:IDR traded down €0.11 ($0.11) during midday trading on Wednesday, reaching €13.20 ($13.75). 117,200 shares of the company traded hands, compared to its average volume of 154,859. The firm has a market cap of $180.31 million, a price-to-earnings ratio of 25.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52. Idaho Strategic Resources has a 12 month low of €6.83 ($7.11) and a 12 month high of €18.35 ($19.11).

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Eastern Bank purchased a new position in shares of Idaho Strategic Resources during the third quarter worth about $40,000. Geode Capital Management LLC grew its stake in Idaho Strategic Resources by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 118,134 shares of the company's stock worth $1,205,000 after buying an additional 2,833 shares in the last quarter. WR Wealth Planners LLC increased its holdings in shares of Idaho Strategic Resources by 114.9% in the 4th quarter. WR Wealth Planners LLC now owns 8,430 shares of the company's stock worth $86,000 after buying an additional 4,507 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Idaho Strategic Resources during the 3rd quarter valued at $79,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Idaho Strategic Resources during the 3rd quarter worth $90,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

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.