Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Down 18.8% in December

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 34,057 shares, a decline of 18.8% from the December 15th total of 41,965 shares. Based on an average daily trading volume, of 221,854 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 221,854 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Solitario Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Focused Wealth Management Inc increased its holdings in shares of Solitario Resources by 21.2% in the 2nd quarter. Focused Wealth Management Inc now owns 570,900 shares of the basic materials company’s stock valued at $371,000 after acquiring an additional 100,000 shares during the period. Citadel Advisors LLC purchased a new position in Solitario Resources in the third quarter valued at about $194,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Solitario Resources in the third quarter worth about $35,000. Institutional investors own 18.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Solitario Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1.20.

Solitario Resources Stock Performance

NYSEAMERICAN:XPL opened at $0.73 on Wednesday. The firm has a 50-day simple moving average of $0.65 and a 200-day simple moving average of $0.69. Solitario Resources has a one year low of $0.54 and a one year high of $0.90. The firm has a market cap of $66.71 million, a P/E ratio of -12.23 and a beta of 0.40.

About Solitario Resources

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.