Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,408,274 shares, a decrease of 11.8% from the February 15th total of 1,595,878 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 437,066 shares, the days-to-cover ratio is currently 3.2 days.
Hedge funds have recently made changes to their positions in the business. Northwest Wealth Management LLC acquired a new stake in Polymet Mining in the fourth quarter valued at $103,000. All Terrain Financial Advisors LLC acquired a new stake in Polymet Mining in the fourth quarter valued at $118,000. Deutsche Bank AG lifted its stake in Polymet Mining by 174.8% in the fourth quarter. Deutsche Bank AG now owns 297,368 shares of the basic materials company’s stock valued at $255,000 after acquiring an additional 189,168 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Polymet Mining by 185.2% in the fourth quarter. Renaissance Technologies LLC now owns 308,600 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 200,400 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Polymet Mining by 4.1% in the second quarter. Royal Bank of Canada now owns 1,061,800 shares of the basic materials company’s stock valued at $626,000 after acquiring an additional 41,750 shares during the last quarter.
Shares of Polymet Mining (PLM) opened at $1.13 on Friday. The company has a market cap of $353.19, a price-to-earnings ratio of -28.25 and a beta of 1.32. Polymet Mining has a 12 month low of $0.57 and a 12 month high of $1.36.
TRADEMARK VIOLATION NOTICE: “Polymet Mining Corp (PLM) Sees Large Decline in Short Interest” was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3254567/polymet-mining-corp-plm-sees-large-decline-in-short-interest.html.
PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.
Receive News & Ratings for Polymet Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polymet Mining and related companies with MarketBeat.com's FREE daily email newsletter.