Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) Sees Large Decline in Short Interest

Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 698,570 shares, a drop of 36.3% from the April 30th total of 1,096,091 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 404,387 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Metalla Royalty & Streaming

Institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. raised its stake in shares of Metalla Royalty & Streaming by 374.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 316,300 shares of the company’s stock valued at $2,015,000 after acquiring an additional 249,700 shares during the period. U S Global Investors Inc. raised its stake in shares of Metalla Royalty & Streaming by 75.9% in the 4th quarter. U S Global Investors Inc. now owns 1,432,510 shares of the company’s stock valued at $11,145,000 after acquiring an additional 617,923 shares during the period. Jane Street Group LLC raised its stake in shares of Metalla Royalty & Streaming by 30.5% in the 1st quarter. Jane Street Group LLC now owns 25,846 shares of the company’s stock valued at $74,000 after acquiring an additional 6,040 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Metalla Royalty & Streaming by 42.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock valued at $54,000 after acquiring an additional 4,171 shares during the period. Finally, Wexford Capital LP purchased a new stake in shares of Metalla Royalty & Streaming in the 3rd quarter valued at approximately $41,000. 17.82% of the stock is owned by hedge funds and other institutional investors.

Metalla Royalty & Streaming Stock Performance

NYSEAMERICAN:MTA opened at $7.98 on Wednesday. The company’s 50-day moving average price is $6.91 and its 200-day moving average price is $7.53. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.05. The company has a market cap of $745.65 million, a P/E ratio of -199.50 and a beta of 1.32. Metalla Royalty & Streaming has a twelve month low of $3.29 and a twelve month high of $9.25.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd. is a Canada‐based precious metals royalty and streaming company focused on acquiring and managing royalties and streams on mineral properties. Headquartered in Vancouver, British Columbia, the firm provides financing to mining operators by purchasing royalty and stream interests that grant it a share of future metal production or revenues. These non‐dilutive arrangements enable Metalla to participate in the upside of mining projects without the operational risks associated with direct mine ownership.

The company’s portfolio spans a broad range of precious and battery metals, including gold, silver, copper, nickel and cobalt.