Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Update

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,020,000 shares, a decrease of 17.7% from the January 15th total of 1,240,000 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Trilogy Metals

A number of large investors have recently added to or reduced their stakes in the business. Foursixthree Capital LP acquired a new stake in Trilogy Metals in the 4th quarter valued at about $2,954,000. XTX Topco Ltd lifted its holdings in Trilogy Metals by 235.5% in the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock valued at $56,000 after purchasing an additional 33,636 shares in the last quarter. Bornite Capital Management LP purchased a new position in Trilogy Metals in the 4th quarter valued at about $812,000. Sprott Inc. lifted its holdings in Trilogy Metals by 64.9% in the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company’s stock valued at $2,430,000 after purchasing an additional 824,071 shares in the last quarter. Finally, Pinnbrook Capital Management LP purchased a new position in Trilogy Metals in the 4th quarter valued at about $615,000. 16.75% of the stock is owned by institutional investors and hedge funds.

Trilogy Metals Stock Up 8.0 %

NYSEAMERICAN:TMQ opened at $1.35 on Friday. Trilogy Metals has a fifty-two week low of $0.25 and a fifty-two week high of $1.48.

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.