Trilogy Metals Inc (TMQ) Short Interest Up 2.0% in September

Trilogy Metals Inc (NYSE:TMQ) was the recipient of a large increase in short interest in September. As of September 29th, there was short interest totalling 844,621 shares, an increase of 2.0% from the September 15th total of 828,240 shares. Based on an average daily volume of 134,116 shares, the short-interest ratio is currently 6.3 days. Approximately 1.3% of the company’s stock are sold short.

Trilogy Metals (NYSE:TMQ) opened at 1.12 on Friday. Trilogy Metals has a 12-month low of $0.41 and a 12-month high of $1.35. The company’s market cap is $118.35 million. The firm’s 50-day moving average price is $0.99 and its 200-day moving average price is $0.82.

Separately, Fundamental Research reiterated a “buy” rating and set a $2.15 target price on shares of Trilogy Metals in a report on Friday, October 6th.

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Trilogy Metals Company Profile

Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.

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