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

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

Insider Transactions at Idaho Strategic Resources

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

Institutional Trading of Idaho Strategic Resources

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in Idaho Strategic Resources by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 115,301 shares of the company’s stock valued at $1,854,000 after purchasing an additional 9,991 shares during the period. Barclays PLC boosted its holdings in Idaho Strategic Resources by 10,713.2% in the 3rd quarter. Barclays PLC now owns 9,840 shares of the company’s stock valued at $158,000 after purchasing an additional 9,749 shares during the period. State Street Corp boosted its holdings in Idaho Strategic Resources by 245.5% in the 3rd quarter. State Street Corp now owns 38,700 shares of the company’s stock valued at $622,000 after purchasing an additional 27,500 shares during the period. Centiva Capital LP bought a new stake in Idaho Strategic Resources in the 3rd quarter valued at $237,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Idaho Strategic Resources during the 3rd quarter worth about $90,000. 8.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm boosted their target price 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 Stock Performance

Shares of IDR opened at €11.53 ($12.27) on Tuesday. Idaho Strategic Resources has a 12 month low of €5.18 ($5.51) and a 12 month high of €18.35 ($19.52). The company has a current ratio of 5.52, a quick ratio of 5.15 and a debt-to-equity ratio of 0.06. The firm has a market cap of $157.50 million, a PE ratio of 21.53 and a beta of 0.81.

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

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.