International Tower Hill Mines Ltd (THM) Sees Large Drop in Short Interest

International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 670,244 shares, a decrease of 2.7% from the October 15th total of 688,863 shares. Based on an average daily volume of 85,417 shares, the short-interest ratio is currently 7.8 days.

Shares of NYSEAMERICAN:THM opened at $0.41 on Friday. International Tower Hill Mines has a twelve month low of $0.29 and a twelve month high of $0.78.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last issued its quarterly earnings data on Friday, November 2nd. The mining company reported ($0.01) earnings per share for the quarter.

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. lifted its holdings in International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,234,678 shares of the mining company’s stock after purchasing an additional 104,235 shares during the period. Russell Investments Group Ltd. owned about 0.66% of International Tower Hill Mines worth $590,000 at the end of the most recent reporting period.

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International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd., a mineral exploration company, acquires and explores for mineral properties Canada and the United States. It holds or has rights to acquire ownership or leasehold interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.

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