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

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 705,900 shares, a growth of 10.4% from the January 15th total of 639,600 shares. Currently, 5.9% of the company’s shares are sold short. Based on an average daily volume of 208,200 shares, the short-interest ratio is currently 3.4 days.

Idaho Strategic Resources Stock Down 8.8 %

Shares of Idaho Strategic Resources stock traded down €1.24 ($1.31) during trading on Monday, reaching €12.86 ($13.54). 262,100 shares of the company were exchanged, compared to its average volume of 159,438. Idaho Strategic Resources has a twelve month low of €6.50 ($6.84) and a twelve month high of €18.35 ($19.32). The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06. The stock has a market cap of $175.67 million, a PE ratio of 25.22 and a beta of 0.80.

Hedge Funds Weigh In On Idaho Strategic Resources

Several institutional investors have recently modified their holdings of the stock. Eastern Bank bought a new stake in shares of Idaho Strategic Resources in the 3rd quarter valued at about $40,000. Navellier & Associates Inc. increased its stake in shares of Idaho Strategic Resources by 104.6% in the 3rd quarter. Navellier & Associates Inc. now owns 49,817 shares of the company’s stock valued at $801,000 after acquiring an additional 25,469 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Idaho Strategic Resources in the 3rd quarter valued at about $417,000. Quantbot Technologies LP bought a new stake in shares of Idaho Strategic Resources in the 3rd quarter valued at about $79,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Idaho Strategic Resources in the 3rd quarter valued at about $90,000. 8.70% of the stock is currently owned by institutional investors and hedge funds.

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.