Versamet Royalties Corporation (NASDAQ:VMET) Short Interest Update

Versamet Royalties Corporation (NASDAQ:VMET) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 315,852 shares, a growth of 73.3% from the May 31st total of 182,232 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 263,450 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Ratings Changes

Several research firms have recently issued reports on VMET. Wall Street Zen upgraded shares of Versamet Royalties to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings began coverage on shares of Versamet Royalties in a research note on Tuesday, April 7th. They set a “sell (e)” rating for the company. BMO Capital Markets upgraded shares of Versamet Royalties to a “strong-buy” rating in a report on Monday, April 6th. Finally, Zacks Research raised shares of Versamet Royalties to a “hold” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Versamet Royalties Trading Down 7.6%

Shares of Versamet Royalties stock opened at $11.82 on Friday. The company has a market cap of $1.28 billion and a PE ratio of 36.94. The business’s 50-day simple moving average is $12.12. Versamet Royalties has a 1 year low of $5.40 and a 1 year high of $15.58.

Versamet Royalties (NASDAQ:VMET) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. The business had revenue of $23.97 million during the quarter.