Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Up 43.0% in December

Integra Resources Corp. (NYSEAMERICAN:ITRG) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 623,200 shares, a growth of 43.0% from the November 30th total of 435,900 shares. Based on an average daily volume of 267,400 shares, the short-interest ratio is currently 2.3 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Trading of Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Renaissance Technologies LLC increased its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 309,989 shares of the company’s stock after purchasing an additional 159,709 shares during the quarter. Renaissance Technologies LLC owned approximately 0.35% of Integra Resources worth $286,000 as of its most recent SEC filing. Institutional investors own 26.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ITRG. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st. HC Wainwright reaffirmed a “buy” rating and set a $3.75 price objective on shares of Integra Resources in a research note on Thursday, October 31st. Finally, Cormark raised Integra Resources to a “moderate buy” rating in a research note on Monday, November 11th.

Integra Resources Stock Down 1.4 %

Shares of ITRG stock traded down $0.01 during trading hours on Monday, hitting $0.87. 237,360 shares of the company were exchanged, compared to its average volume of 176,195. The company has a market capitalization of $146.64 million, a price-to-earnings ratio of -2.64 and a beta of 1.35. Integra Resources has a 52 week low of $0.64 and a 52 week high of $1.28.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.