Polymet Mining Corp (PLM) Sees Large Decline in Short Interest

Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,461,354 shares, a decrease of 1.8% from the August 15th total of 1,487,507 shares. Based on an average daily trading volume, of 176,716 shares, the short-interest ratio is presently 8.3 days.

Shares of Polymet Mining stock traded down $0.01 during trading on Friday, reaching $0.94. The company’s stock had a trading volume of 192,909 shares, compared to its average volume of 421,982. Polymet Mining has a 52-week low of $0.58 and a 52-week high of $1.36.

Polymet Mining (NYSEAMERICAN:PLM) (TSE:POM) last announced its quarterly earnings data on Thursday, August 9th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

An institutional investor recently raised its position in Polymet Mining stock. Deutsche Bank AG grew its stake in Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) by 174.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,368 shares of the basic materials company’s stock after purchasing an additional 189,168 shares during the quarter. Deutsche Bank AG owned about 0.09% of Polymet Mining worth $255,000 at the end of the most recent quarter.

Polymet Mining Company Profile

PolyMet Mining Corp. explores for and develops natural resource properties. Its primary mineral property is the NorthMet project that includes NorthMet copper-nickel-precious metals ore body covering an area of approximately 4,300 acres located in northeastern Minnesota. The company was formerly known as Fleck Resources Ltd.

See Also: Book Value Per Share – BVPS

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