Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Up 30.4% in May

Integra Resources Corp. (NYSEAMERICAN:ITRG) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 149,300 shares, an increase of 30.4% from the May 15th total of 114,500 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 191,700 shares, the days-to-cover ratio is currently 0.8 days.

Integra Resources Stock Performance

Shares of ITRG traded up $0.01 during trading on Friday, reaching $0.92. The company’s stock had a trading volume of 40,319 shares, compared to its average volume of 198,916. The firm has a market cap of $81.15 million, a price-to-earnings ratio of -2.18 and a beta of 1.37. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. Integra Resources has a twelve month low of $0.64 and a twelve month high of $1.15.

Integra Resources (NYSEAMERICAN:ITRG) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). Analysts forecast that Integra Resources will post -0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $3.75 target price on shares of Integra Resources in a research note on Monday, June 10th.

Institutional Investors Weigh In On Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Equinox Partners Investment Management LLC increased its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,057,866 shares of the company’s stock after acquiring an additional 400,000 shares during the quarter. Integra Resources makes up approximately 5.3% of Equinox Partners Investment Management LLC’s holdings, making the stock its 6th biggest holding. Equinox Partners Investment Management LLC owned 10.25% of Integra Resources worth $7,408,000 as of its most recent filing with the Securities & Exchange Commission. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.