International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 784,716 shares, a growth of 5.6% from the January 15th total of 742,906 shares. Based on an average daily trading volume, of 161,013 shares, the short-interest ratio is presently 4.9 days.
Shares of NYSEAMERICAN THM traded down $0.03 during mid-day trading on Monday, hitting $0.57. 56,700 shares of the stock traded hands, compared to its average volume of 121,136. International Tower Hill Mines has a 52 week low of $0.35 and a 52 week high of $0.78.
A hedge fund recently bought a new stake in International Tower Hill Mines stock. Renaissance Technologies LLC purchased a new stake in shares of International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 238,200 shares of the mining company’s stock, valued at approximately $120,000. Renaissance Technologies LLC owned approximately 0.13% of International Tower Hill Mines as of its most recent SEC filing.
International Tower Hill Mines Ltd., a mineral exploration company, acquires and explores for mineral properties Canada and the United States. It holds or has rights to acquire ownership or leasehold interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.
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