Solitario Resources Corp. (NYSEAMERICAN:XPL) Sees Large Decrease in Short Interest

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

Solitario Resources Stock Down 1.3%

Shares of NYSEAMERICAN XPL opened at $0.78 on Monday. The firm has a market cap of $70.63 million, a P/E ratio of -12.95 and a beta of 0.41. Solitario Resources has a twelve month low of $0.54 and a twelve month high of $0.90. The company has a 50 day moving average of $0.73 and a 200 day moving average of $0.71.

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.