Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) saw a large growth in short interest in February. As of February 14th, there was short interest totalling 462,400 shares, a growth of 39.7% from the January 30th total of 331,100 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 231,100 shares, the days-to-cover ratio is currently 2.0 days.
PLG traded down $0.07 on Wednesday, reaching $2.24. 302,200 shares of the company traded hands, compared to its average volume of 440,371. Platinum Group Metals has a one year low of $1.04 and a one year high of $2.98.
Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last posted its earnings results on Tuesday, January 14th. The basic materials company reported $0.01 EPS for the quarter.
Platinum Group Metals Company Profile
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.
See Also: Debt-To-Equity Ratio
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