International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Short Interest Update

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 179,400 shares, a decrease of 13.2% from the August 31st total of 206,600 shares. Based on an average daily trading volume, of 144,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. boosted its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,878,009 shares of the mining company’s stock after purchasing an additional 28,358 shares during the period. Russell Investments Group Ltd. owned approximately 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent SEC filing. 54.63% of the stock is currently owned by institutional investors.

International Tower Hill Mines Stock Down 2.3 %

Shares of THM opened at $0.57 on Friday. International Tower Hill Mines has a 12 month low of $0.32 and a 12 month high of $0.80. The firm has a market cap of $114.36 million, a P/E ratio of -28.64 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last posted its earnings results on Friday, August 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on International Tower Hill Mines in a research note on Friday. They issued a “sell” rating for the company.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.