Entrée Resources Ltd. (OTCMKTS:ERLFF) Sees Significant Increase in Short Interest

Entrée Resources Ltd. (OTCMKTS:ERLFF) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 31,500 shares, a growth of 728.9% from the November 15th total of 3,800 shares. Based on an average daily trading volume, of 17,400 shares, the short-interest ratio is presently 1.8 days.

Analyst Ratings Changes

Separately, TD Securities lowered shares of Entrée Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Entrée Resources Trading Down 6.5 %

Shares of Entrée Resources stock traded down $0.11 during trading hours on Wednesday, reaching $1.57. The stock had a trading volume of 2,181 shares, compared to its average volume of 16,646. Entrée Resources has a 1 year low of $0.84 and a 1 year high of $1.75. The firm has a 50 day simple moving average of $1.52 and a two-hundred day simple moving average of $1.26. The firm has a market capitalization of $320.68 million, a price-to-earnings ratio of -33.60 and a beta of 1.12.

About Entrée Resources

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.