Skeena Resources Limited (NYSE:SKE) Short Interest Update

Skeena Resources Limited (NYSE:SKE - Get Free Report) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 3,660,000 shares, a decrease of 24.4% from the November 15th total of 4,840,000 shares. Based on an average daily volume of 331,900 shares, the short-interest ratio is presently 11.0 days. Approximately 4.7% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goehring & Rozencwajg Associates LLC grew its holdings in Skeena Resources by 22.8% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company's stock valued at $7,888,000 after buying an additional 273,300 shares in the last quarter. Helikon Investments Ltd purchased a new position in shares of Skeena Resources in the third quarter valued at about $18,159,000. Knoll Capital Management LLC increased its holdings in Skeena Resources by 713.2% during the 3rd quarter. Knoll Capital Management LLC now owns 315,400 shares of the company's stock valued at $2,668,000 after purchasing an additional 276,614 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Skeena Resources by 207.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,095,900 shares of the company's stock valued at $9,309,000 after acquiring an additional 739,550 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Skeena Resources in the 2nd quarter worth approximately $2,682,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Stock Down 0.4 %

Skeena Resources stock traded down $0.04 during mid-day trading on Friday, reaching $9.02. 106,342 shares of the company's stock were exchanged, compared to its average volume of 313,910. The firm has a market capitalization of $968.39 million, a PE ratio of -6.61 and a beta of 1.26. Skeena Resources has a one year low of $3.29 and a one year high of $10.33. The business's fifty day simple moving average is $9.14 and its 200 day simple moving average is $7.45.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Skeena Resources to a "moderate buy" rating in a report on Thursday, October 31st.

About Skeena Resources

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.