Short Interest in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Drops By 13.2%

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 179,400 shares, a drop of 13.2% from the August 31st total of 206,600 shares. Based on an average trading volume of 144,100 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. boosted its holdings in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,878,009 shares of the mining company’s stock after purchasing an additional 28,358 shares during the period. Russell Investments Group Ltd. owned about 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 54.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on International Tower Hill Mines in a research report on Friday. They issued a “sell” rating for the company.

International Tower Hill Mines Price Performance

Shares of NYSEAMERICAN THM opened at $0.57 on Monday. International Tower Hill Mines has a fifty-two week low of $0.32 and a fifty-two week high of $0.80. The stock has a market capitalization of $114.36 million, a price-to-earnings ratio of -28.64 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its earnings results on Friday, August 9th. The mining company reported ($0.01) EPS for the quarter.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.