Solitario Resources Corp. (NYSEAMERICAN:XPL) Sees Significant Drop in Short Interest

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 77,753 shares, a decrease of 20.3% from the January 29th total of 97,597 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 331,172 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 331,172 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Solitario Resources

Several large investors have recently made changes to their positions in XPL. Mercer Global Advisors Inc. ADV purchased a new position in Solitario Resources during the 3rd quarter valued at approximately $35,000. XTX Topco Ltd boosted its position in shares of Solitario Resources by 185.0% during the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 34,415 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new position in shares of Solitario Resources in the fourth quarter valued at $130,000. Citadel Advisors LLC purchased a new position in shares of Solitario Resources in the third quarter valued at $194,000. Finally, Focused Wealth Management Inc increased its position in Solitario Resources by 7.0% in the fourth quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 40,000 shares during the last quarter. 18.23% of the stock is owned by institutional investors.

Solitario Resources Stock Performance

XPL opened at $0.78 on Monday. The stock has a market capitalization of $70.63 million, a price-to-earnings ratio of -12.95 and a beta of 0.41. The company has a fifty day moving average of $0.73 and a 200 day moving average of $0.71. Solitario Resources has a fifty-two week low of $0.54 and a fifty-two week high of $0.90.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1.20.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.