Trilogy Metals Inc (TMQ) Sees Large Increase in Short Interest

Trilogy Metals Inc (NYSEAMERICAN:TMQ) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 159,366 shares, an increase of 29.1% from the March 29th total of 123,433 shares. Based on an average trading volume of 120,021 shares, the days-to-cover ratio is currently 1.3 days.

Separately, Zacks Investment Research cut Trilogy Metals from a “hold” rating to a “sell” rating in a research note on Friday, March 29th.

NYSEAMERICAN TMQ opened at $2.65 on Friday. Trilogy Metals has a 52-week low of $1.13 and a 52-week high of $2.82.

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its earnings results on Tuesday, April 9th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stonebridge Capital Management Inc. bought a new stake in Trilogy Metals during the 4th quarter worth approximately $29,000. Raymond James & Associates bought a new stake in Trilogy Metals during the 4th quarter worth approximately $61,000. Millennium Management LLC increased its stake in Trilogy Metals by 10.3% during the 4th quarter. Millennium Management LLC now owns 5,895,943 shares of the mining company’s stock worth $10,200,000 after purchasing an additional 550,883 shares in the last quarter. Finally, Selz Capital LLC increased its stake in Trilogy Metals by 1.3% during the 4th quarter. Selz Capital LLC now owns 10,479,456 shares of the mining company’s stock worth $18,129,000 after purchasing an additional 131,998 shares in the last quarter.

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Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic copper-zinc-lead-gold-silver project and Bornite carbonate-hosted copper project covering an area of approximately 355,400 acres located in the Ambler mining district in Northwest Alaska.

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