Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Up 7.6% in October

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 537,800 shares, a growth of 7.6% from the October 15th total of 499,900 shares. Based on an average trading volume of 252,400 shares, the days-to-cover ratio is currently 2.1 days. Approximately 4.6% of the company’s stock are short sold.

Idaho Strategic Resources Trading Up 5.0 %

Idaho Strategic Resources stock traded up €0.55 ($0.59) during mid-day trading on Monday, hitting €11.53 ($12.27). 235,900 shares of the company’s stock traded hands, compared to its average volume of 116,344. Idaho Strategic Resources has a fifty-two week low of €5.18 ($5.51) and a fifty-two week high of €18.35 ($19.52). The company has a market capitalization of $157.50 million, a price-to-earnings ratio of 23.37 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.52 and a quick ratio of 5.15.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.16) EPS for the quarter, missing analysts’ consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). The company had revenue of €6.15 million during the quarter, compared to analyst estimates of €7.40 million. Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. Research analysts forecast that Idaho Strategic Resources will post 0.71 EPS for the current year.

Insider Transactions at Idaho Strategic Resources

In other news, insider Monique D. Hayes sold 7,746 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of €11.51 ($12.24), for a total value of €89,156.46 ($94,847.30). Following the completion of the sale, the insider now owns 27,670 shares of the company’s stock, valued at approximately €318,481.70 ($338,810.32). This represents a 21.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Swallow sold 225,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of €13.04 ($13.87), for a total transaction of €2,934,000.00 ($3,121,276.60). Following the completion of the transaction, the chief executive officer now directly owns 955,248 shares of the company’s stock, valued at €12,456,433.92 ($13,251,525.45). This represents a 19.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IDR. Vanguard Group Inc. grew its holdings in shares of Idaho Strategic Resources by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 466,215 shares of the company’s stock worth $3,944,000 after purchasing an additional 16,215 shares in the last quarter. WR Wealth Planners LLC increased its holdings in Idaho Strategic Resources by 145.2% in the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after buying an additional 2,323 shares during the period. Dimensional Fund Advisors LP bought a new position in Idaho Strategic Resources in the 2nd quarter valued at about $108,000. Renaissance Technologies LLC raised its position in shares of Idaho Strategic Resources by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after buying an additional 12,050 shares in the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of Idaho Strategic Resources during the 2nd quarter worth approximately $496,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm upped their price objective on Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 26th.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.