Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Sees Large Growth in Short Interest

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 319,700 shares, an increase of 31.9% from the September 15th total of 242,300 shares. Based on an average daily volume of 158,600 shares, the short-interest ratio is currently 2.0 days. Currently, 2.9% of the shares of the stock are sold short.

Idaho Strategic Resources Price Performance

NYSEAMERICAN IDR traded down €0.34 ($0.37) during trading on Tuesday, reaching €14.45 ($15.71). The company’s stock had a trading volume of 418,700 shares, compared to its average volume of 91,532. The company has a quick ratio of 5.58, a current ratio of 6.01 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $187.27 million, a PE ratio of 37.05 and a beta of 0.80. Idaho Strategic Resources has a 1-year low of €4.55 ($4.95) and a 1-year high of €17.25 ($18.75).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its earnings results on Tuesday, July 30th. The company reported €0.17 ($0.18) earnings per share for the quarter, beating the consensus estimate of €0.07 ($0.08) by €0.10 ($0.11). The company had revenue of €6.13 million for the quarter, compared to analyst estimates of €5.20 million. Idaho Strategic Resources had a return on equity of 22.07% and a net margin of 26.69%. As a group, equities analysts predict that Idaho Strategic Resources will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

Idaho Strategic Resources Company Profile

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.