Polymet Mining Corp (NYSE:PLM) (TSE:POM) saw a significant decrease in short interest in October. As of October 13th, there was short interest totalling 875,459 shares, a decrease of 7.9% from the September 29th total of 950,935 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 178,697 shares, the days-to-cover ratio is currently 4.9 days.

Polymet Mining Corp (PLM) opened at 0.5948 on Wednesday. The company’s 50 day moving average price is $0.61 and its 200-day moving average price is $0.65. Polymet Mining Corp has a one year low of $0.57 and a one year high of $0.97. The company’s market cap is $189.77 million.

Polymet Mining Corp (NYSE:PLM) (TSE:POM) last issued its quarterly earnings results on Thursday, September 14th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01). On average, analysts forecast that Polymet Mining Corp will post ($0.03) EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of PLM. Virtu KCG Holdings LLC bought a new stake in Polymet Mining Corp during the 2nd quarter valued at $187,000. Royal Bank of Canada raised its position in Polymet Mining Corp by 4.1% during the 2nd quarter. Royal Bank of Canada now owns 1,061,800 shares of the basic materials company’s stock valued at $626,000 after purchasing an additional 41,750 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Polymet Mining Corp during the 1st quarter valued at $8,227,000.

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About Polymet Mining Corp

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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