Polymet Mining Corp (PLM) Short Interest Up 9.2% in December

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Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,698,730 shares, a growth of 9.2% from the December 14th total of 1,555,100 shares. Based on an average daily volume of 476,628 shares, the days-to-cover ratio is currently 3.6 days.

Shares of PLM opened at $0.78 on Friday. Polymet Mining has a 12-month low of $0.75 and a 12-month high of $1.36.

Polymet Mining (NYSEAMERICAN:PLM) (TSE:POM) last announced its quarterly earnings data on Tuesday, November 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01).

An institutional investor recently bought a new position in Polymet Mining stock. Renaissance Technologies LLC acquired a new stake in Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 127,200 shares of the basic materials company’s stock, valued at approximately $130,000.

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Polymet Mining Company Profile

PolyMet Mining Corp. explores for and develops natural resource properties. Its primary mineral property is the NorthMet project that includes NorthMet copper-nickel-precious metals ore body covering an area of approximately 4,300 acres located in northeastern Minnesota. The company was formerly known as Fleck Resources Ltd.

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