Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Sees Large Growth in Short Interest

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 573,000 shares, an increase of 23.8% from the November 30th total of 462,900 shares. Based on an average trading volume of 265,000 shares, the short-interest ratio is presently 2.2 days. Currently, 4.8% of the company’s shares are sold short.

Idaho Strategic Resources Trading Up 3.0 %

Shares of NYSEAMERICAN IDR traded up €0.30 ($0.31) during trading hours on Tuesday, hitting €10.20 ($10.63). The company had a trading volume of 38,666 shares, compared to its average volume of 125,291. The company has a current ratio of 5.52, a quick ratio of 5.15 and a debt-to-equity ratio of 0.06. Idaho Strategic Resources has a 1-year low of €5.66 ($5.90) and a 1-year high of €18.35 ($19.11). The company has a market cap of $139.33 million, a PE ratio of 20.00 and a beta of 0.74.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). The business had revenue of €6.15 million during the quarter, compared to the consensus estimate of €7.40 million. Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. On average, equities research analysts anticipate that Idaho Strategic Resources will post 0.71 EPS for the current fiscal year.

Insider Activity at Idaho Strategic Resources

In other news, CEO John Swallow sold 225,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of €13.04 ($13.58), for a total transaction of €2,934,000.00 ($3,056,250.00). Following the completion of the transaction, the chief executive officer now directly owns 955,248 shares of the company’s stock, valued at €12,456,433.92 ($12,975,452). This represents a 19.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Monique D. Hayes sold 7,746 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of €11.51 ($11.99), for a total value of €89,156.46 ($92,871.31). Following the transaction, the insider now directly owns 27,670 shares of the company’s stock, valued at approximately €318,481.70 ($331,751.77). This trade represents a 21.87 % decrease in their position. The disclosure for this sale can be found here. 12.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC bought a new position in Idaho Strategic Resources in the 2nd quarter valued at about $496,000. State Street Corp grew its position in Idaho Strategic Resources by 245.5% in the third quarter. State Street Corp now owns 38,700 shares of the company’s stock valued at $622,000 after acquiring an additional 27,500 shares during the last quarter. D.A. Davidson & CO. bought a new position in Idaho Strategic Resources in the 3rd quarter valued at approximately $417,000. Navellier & Associates Inc. lifted its stake in shares of Idaho Strategic Resources by 104.6% in the 3rd quarter. Navellier & Associates Inc. now owns 49,817 shares of the company’s stock valued at $801,000 after acquiring an additional 25,469 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Idaho Strategic Resources by 59,773.1% in the third quarter. JPMorgan Chase & Co. now owns 15,567 shares of the company’s stock valued at $250,000 after purchasing an additional 15,541 shares during the last quarter. Institutional investors and hedge funds own 8.70% of the company’s stock.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.