Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,231,435 shares, a decline of 12.4% from the August 15th total of 4,828,659 shares. Based on an average daily volume of 781,849 shares, the days-to-cover ratio is presently 5.4 days.
Platinum Group Metals stock remained flat at $$0.18 during midday trading on Friday. The company had a trading volume of 713,573 shares, compared to its average volume of 1,272,930. Platinum Group Metals has a twelve month low of $0.08 and a twelve month high of $0.58.
Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last posted its earnings results on Monday, July 16th. The basic materials company reported ($0.05) EPS for the quarter.
An institutional investor recently raised its position in Platinum Group Metals stock. Liberty Mutual Group Asset Management Inc. lifted its position in Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 123.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,160,609 shares of the basic materials company’s stock after purchasing an additional 20,000,000 shares during the quarter. Liberty Mutual Group Asset Management Inc. owned 12.43% of Platinum Group Metals worth $3,813,000 at the end of the most recent quarter.
Platinum Group Metals Company Profile
Platinum Group Metals Ltd. operates as a platinum-focused exploration and development company in the Republic of South Africa and Canada. It primarily explores for platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, copper, chromium, and vanadium deposits. The company's key development project and exploration targets are located in the Bushveld Complex in South Africa.
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