Platinum Group Metals Limited (NYSEMKT:PLG) (TSE:PTM) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 6,029,809 shares, a decline of 1.6% from the October 13th total of 6,126,091 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average trading volume of 650,948 shares, the short-interest ratio is currently 9.3 days.

Shares of Platinum Group Metals Limited (NYSEMKT:PLG) traded down $0.01 during trading on Monday, hitting $0.39. The stock had a trading volume of 441,160 shares, compared to its average volume of 502,592. Platinum Group Metals Limited has a fifty-two week low of $0.35 and a fifty-two week high of $2.45.

Several institutional investors have recently made changes to their positions in PLG. UBS Group AG lifted its position in shares of Platinum Group Metals Limited by 438.1% in the first quarter. UBS Group AG now owns 151,570 shares of the basic materials company’s stock worth $249,000 after buying an additional 123,400 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Platinum Group Metals Limited by 13.4% in the second quarter. Franklin Resources Inc. now owns 27,878,488 shares of the basic materials company’s stock worth $23,339,000 after buying an additional 3,300,000 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in shares of Platinum Group Metals Limited by 2,826.4% in the second quarter. Virtu KCG Holdings LLC now owns 348,742 shares of the basic materials company’s stock worth $291,000 after buying an additional 336,825 shares in the last quarter. CQS Cayman LP lifted its position in shares of Platinum Group Metals Limited by 121.5% in the second quarter. CQS Cayman LP now owns 2,048,639 shares of the basic materials company’s stock worth $1,712,000 after buying an additional 1,123,753 shares in the last quarter. Finally, Donald Smith & CO. Inc. lifted its position in shares of Platinum Group Metals Limited by 21.2% in the second quarter. Donald Smith & CO. Inc. now owns 14,400,146 shares of the basic materials company’s stock worth $12,033,000 after buying an additional 2,517,845 shares in the last quarter.

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About Platinum Group Metals Limited

Platinum Group Metals Ltd. is an exploration- and development-stage Company. The Company is focused on exploration and development of platinum. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada. Its business is focused on production ramp up at the Maseve Mine, and the exploration and initial engineering on the Waterberg platinum deposit, which includes the Waterberg Joint Venture Project (the Waterberg JV Project) and the adjoining Waterberg Extension Project.

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