Solaris Resources Inc. (NYSEAMERICAN:SLSR) Sees Large Growth in Short Interest

Solaris Resources Inc. (NYSEAMERICAN:SLSR) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 888,780 shares, an increase of 104.6% from the July 15th total of 434,423 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 204,091 shares, the days-to-cover ratio is currently 4.4 days.

Hedge Funds Weigh In On Solaris Resources

A number of institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in Solaris Resources by 38.3% during the 1st quarter. Janus Henderson Group PLC now owns 873,369 shares of the company’s stock worth $7,485,000 after purchasing an additional 241,749 shares in the last quarter. PSquared Asset Management AG lifted its holdings in shares of Solaris Resources by 3.1% in the first quarter. PSquared Asset Management AG now owns 4,084,315 shares of the company’s stock valued at $35,262,000 after purchasing an additional 121,300 shares in the last quarter. Amundi boosted its position in shares of Solaris Resources by 34.9% during the first quarter. Amundi now owns 1,217,493 shares of the company’s stock valued at $10,446,000 after buying an additional 314,693 shares during the last quarter. Helikon Investments Ltd boosted its position in shares of Solaris Resources by 32.5% during the fourth quarter. Helikon Investments Ltd now owns 9,022,072 shares of the company’s stock valued at $71,906,000 after buying an additional 2,210,452 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Solaris Resources by 69.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 708,313 shares of the company’s stock worth $6,097,000 after buying an additional 290,737 shares in the last quarter.

Solaris Resources Stock Performance

Shares of Solaris Resources stock traded down $0.04 on Friday, reaching $7.72. 71,551 shares of the company’s stock were exchanged, compared to its average volume of 164,776. Solaris Resources has a 52 week low of $4.89 and a 52 week high of $11.48. The firm’s 50-day moving average is $8.15 and its two-hundred day moving average is $9.15. The company has a market capitalization of $1.29 billion, a P/E ratio of -42.89 and a beta of 1.29.

About Solaris Resources

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.