Skeena Resources Limited (NYSE:SKE) Short Interest Down 21.4% in March

Skeena Resources Limited (NYSE:SKE - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 3,190,000 shares, a decline of 21.4% from the February 28th total of 4,060,000 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 324,000 shares, the short-interest ratio is currently 9.8 days.

Institutional Trading of Skeena Resources

Several hedge funds and other institutional investors have recently made changes to their positions in SKE. Kohmann Bosshard Financial Services LLC purchased a new position in Skeena Resources in the fourth quarter valued at about $31,000. FNY Investment Advisers LLC grew its holdings in shares of Skeena Resources by 2,252.9% in the 4th quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company's stock worth $34,000 after acquiring an additional 3,830 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Skeena Resources during the third quarter worth $43,000. Tower Research Capital LLC TRC boosted its position in Skeena Resources by 2,067.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock worth $51,000 after purchasing an additional 5,541 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Skeena Resources in the fourth quarter valued at $89,000. Institutional investors and hedge funds own 45.15% of the company's stock.

Skeena Resources Price Performance

Shares of SKE stock traded down $0.80 during trading hours on Friday, reaching $8.95. 1,329,573 shares of the company's stock were exchanged, compared to its average volume of 358,899. The company's 50 day moving average is $10.22 and its two-hundred day moving average is $9.51. The company has a market cap of $1.01 billion, a P/E ratio of -6.53 and a beta of 1.29. Skeena Resources has a 1 year low of $4.10 and a 1 year high of $11.74.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.