Polymet Mining Corp (NYSE:PLM) Short Interest Up 4.1% in July
Polymet Mining Corp (NYSE:PLM) (TSE:POM) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,104,719 shares, an increase of 4.1% from the July 14th total of 2,981,296 shares. Based on an average trading volume of 144,045 shares, the days-to-cover ratio is presently 21.6 days. Currently, 1.4% of the shares of the stock are short sold.
An institutional investor recently bought a new position in Polymet Mining Corp stock. JPMorgan Chase & Co. bought a new stake in shares of Polymet Mining Corp (NYSE:PLM) (TSE:POM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,997,127 shares of the basic materials company’s stock, valued at approximately $8,227,000. JPMorgan Chase & Co. owned about 3.45% of Polymet Mining Corp as of its most recent filing with the SEC.
Polymet Mining Corp (NYSE PLM) traded up 1.61% during mid-day trading on Wednesday, reaching $0.63. The company’s stock had a trading volume of 71,195 shares. The firm’s 50 day moving average is $0.64 and its 200-day moving average is $0.72. The company’s market cap is $200.73 million. Polymet Mining Corp has a 12-month low of $0.57 and a 12-month high of $1.14.
Polymet Mining Corp Company Profile
PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.
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