Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the recipient of a large decrease in short interest in the month of November. As of November 29th, there was short interest totalling 371,400 shares, a decrease of 24.0% from the November 14th total of 488,900 shares. Based on an average trading volume of 115,000 shares, the short-interest ratio is presently 3.2 days. Approximately 0.9% of the shares of the company are short sold.
Shares of Platinum Group Metals stock traded down $0.01 on Wednesday, reaching $1.43. 67,500 shares of the company traded hands, compared to its average volume of 121,519. Platinum Group Metals has a 52 week low of $1.04 and a 52 week high of $2.17.
A hedge fund recently raised its stake in Platinum Group Metals stock. Liberty Mutual Group Asset Management Inc. boosted its position in Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 277.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,133,503 shares of the basic materials company’s stock after purchasing an additional 7,445,758 shares during the quarter. Platinum Group Metals comprises 1.1% of Liberty Mutual Group Asset Management Inc.’s investment portfolio, making the stock its 5th biggest position. Liberty Mutual Group Asset Management Inc. owned about 17.30% of Platinum Group Metals worth $14,896,000 at the end of the most recent reporting period.
Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. It explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. The company holds 50.02% interest in the Waterberg project located on the North Limb of the Western Bushveld complex, South Africa.
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