Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Down 25.2% in November

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,810,000 shares, a decrease of 25.2% from the November 15th total of 2,420,000 shares. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TMQ. Virtu Financial LLC raised its position in Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock valued at $65,000 after purchasing an additional 61,683 shares during the last quarter. Old West Investment Management LLC grew its holdings in Trilogy Metals by 54.6% during the 2nd quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company’s stock worth $1,549,000 after acquiring an additional 1,094,842 shares during the last quarter. Finally, Wexford Capital LP increased its position in Trilogy Metals by 90.2% in the 3rd quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock valued at $2,214,000 after acquiring an additional 2,169,593 shares in the last quarter. 16.75% of the stock is owned by institutional investors.

Trilogy Metals Stock Down 1.5 %

NYSEAMERICAN TMQ traded down $0.02 during trading on Friday, hitting $1.11. The company’s stock had a trading volume of 48,458 shares, compared to its average volume of 637,474. Trilogy Metals has a 52 week low of $0.25 and a 52 week high of $1.40.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). On average, equities research analysts expect that Trilogy Metals will post -0.04 EPS for the current year.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.