Polymet Mining Corp. (PLM) Short Interest Update
Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 941,846 shares, a decrease of 3.5% from the October 31st total of 975,880 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 179,774 shares, the days-to-cover ratio is presently 5.2 days.
A hedge fund recently raised its stake in Polymet Mining stock. Royal Bank of Canada grew its holdings in shares of Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,061,800 shares of the basic materials company’s stock after purchasing an additional 41,750 shares during the quarter. Royal Bank of Canada owned about 0.33% of Polymet Mining worth $626,000 as of its most recent filing with the Securities and Exchange Commission.
Polymet Mining (PLM) traded down $0.01 during mid-day trading on Monday, reaching $0.60. 172,353 shares of the company’s stock were exchanged, compared to its average volume of 201,798. Polymet Mining has a 12 month low of $0.57 and a 12 month high of $0.97.
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About Polymet Mining
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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