Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,693,464 shares, an increase of 19.3% from the October 15th total of 4,770,785 shares. Based on an average daily trading volume, of 1,222,434 shares, the short-interest ratio is currently 4.7 days.
Platinum Group Metals stock opened at $0.18 on Friday. Platinum Group Metals has a twelve month low of $0.08 and a twelve month high of $0.58.
Several institutional investors have recently bought and sold shares of the company. CQS Cayman LP increased its holdings in shares of Platinum Group Metals by 338.7% in the 3rd quarter. CQS Cayman LP now owns 4,317,158 shares of the basic materials company’s stock worth $767,000 after buying an additional 3,333,000 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Platinum Group Metals by 123.8% during the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 36,160,609 shares of the basic materials company’s stock worth $3,813,000 after purchasing an additional 20,000,000 shares during the period. Finally, Investec Asset Management LTD purchased a new position in shares of Platinum Group Metals during the 2nd quarter worth about $132,000.
TRADEMARK VIOLATION WARNING: This news story was first posted by WKRB News and is the property of of WKRB News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.wkrb13.com/2018/11/10/platinum-group-metals-limited-plg-short-interest-update-2.html.
Platinum Group Metals Ltd. operates as a platinum-focused exploration and development company in the Republic of South Africa and Canada. It primarily explores for platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, copper, chromium, and vanadium deposits. The company's key development project and exploration targets are located in the Bushveld Complex in South Africa.
Featured Article: Should I invest in “strong buy” stocks?
Receive News & Ratings for Platinum Group Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platinum Group Metals and related companies with MarketBeat.com's FREE daily email newsletter.