Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Update

Solitario Resources Corp. (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 87,700 shares, a drop of 30.6% from the February 13th total of 126,400 shares. Based on an average daily volume of 51,400 shares, the short-interest ratio is currently 1.7 days. Approximately 0.1% of the company's stock are short sold.

Institutional Investors Weigh In On Solitario Resources

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Solitario Resources by 11.4% during the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company's stock worth $406,000 after acquiring an additional 59,573 shares during the last quarter. Millennium Management LLC purchased a new stake in Solitario Resources during the 4th quarter worth approximately $44,000. Total Wealth Planning & Management Inc. acquired a new position in Solitario Resources during the 4th quarter valued at approximately $90,000. Lido Advisors LLC purchased a new position in shares of Solitario Resources in the fourth quarter worth $555,000. Finally, National Bank of Canada FI lifted its stake in shares of Solitario Resources by 57.1% during the fourth quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company's stock worth $98,000 after buying an additional 60,000 shares during the period. 18.23% of the stock is currently owned by institutional investors and hedge funds.

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Solitario Resources Stock Performance

Shares of XPL stock traded down $0.02 during mid-day trading on Thursday, hitting $0.65. 15,856 shares of the stock traded hands, compared to its average volume of 80,801. Solitario Resources has a 52-week low of $0.51 and a 52-week high of $0.98. The firm has a market cap of $52.94 million, a price-to-earnings ratio of -10.83 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a "buy" rating and set a $1.20 target price on shares of Solitario Resources in a report on Friday, February 7th.

About Solitario Resources

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.