Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 331,100 shares, a drop of 6.6% from the January 15th total of 354,600 shares. Based on an average daily volume of 194,400 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.8% of the company’s shares are short sold.
PLG stock opened at $2.04 on Friday. Platinum Group Metals has a 52-week low of $1.04 and a 52-week high of $2.98.
Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last posted its quarterly earnings data on Tuesday, January 14th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter.
Platinum Group Metals Company Profile
Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. It explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. The company holds 50.02% interest in the Waterberg project located on the North Limb of the Western Bushveld complex, South Africa.
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