Polymet Mining Corp (PLM) Short Interest Down 4.2% in January

Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,790,422 shares, a decrease of 4.2% from the January 15th total of 1,869,817 shares. Based on an average daily volume of 316,341 shares, the days-to-cover ratio is currently 5.7 days.

Several hedge funds have recently added to or reduced their stakes in PLM. Cahill Financial Advisors Inc. boosted its position in shares of Polymet Mining by 66.1% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 366,841 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 146,000 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Polymet Mining during the 3rd quarter worth about $130,000. LPL Financial LLC boosted its position in shares of Polymet Mining by 59.2% during the 4th quarter. LPL Financial LLC now owns 186,450 shares of the basic materials company’s stock worth $151,000 after purchasing an additional 69,345 shares in the last quarter. Carlson Capital Management bought a new position in shares of Polymet Mining during the 4th quarter worth about $28,000. Finally, Lincoln National Corp boosted its position in shares of Polymet Mining by 37.2% during the 4th quarter. Lincoln National Corp now owns 92,619 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 25,088 shares in the last quarter.

PLM stock opened at $0.73 on Tuesday. Polymet Mining has a 1 year low of $0.71 and a 1 year high of $1.27.

Polymet Mining (NYSEAMERICAN:PLM) (TSE:POM) last released its quarterly earnings data on Tuesday, November 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01).

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About Polymet Mining

PolyMet Mining Corp. explores for and develops natural resource properties. Its primary mineral property is the NorthMet project that includes NorthMet copper-nickel-precious metals ore body covering an area of approximately 4,300 acres located in northeastern Minnesota. The company was formerly known as Fleck Resources Ltd.

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