Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Up 54.2% in September

Integra Resources Corp. (NYSEAMERICAN:ITRG) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 357,200 shares, an increase of 54.2% from the August 31st total of 231,600 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 135,000 shares, the short-interest ratio is presently 2.6 days.

Integra Resources Stock Performance

Shares of NYSEAMERICAN ITRG opened at $0.97 on Friday. Integra Resources has a 1 year low of $0.64 and a 1 year high of $1.13. The stock has a market cap of $85.81 million, a PE ratio of -2.31 and a beta of 1.43.

Integra Resources (NYSEAMERICAN:ITRG) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Equities research analysts anticipate that Integra Resources will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Renaissance Technologies LLC grew its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 309,989 shares of the company’s stock after purchasing an additional 159,709 shares during the quarter. Renaissance Technologies LLC owned approximately 0.35% of Integra Resources worth $286,000 as of its most recent SEC filing. 26.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $3.75 target price on shares of Integra Resources in a report on Tuesday, July 30th.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.