Short Interest in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Expands By 10.4%

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDRGet Free Report) 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 shares of the company are short sold. 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 %

IDR stock opened at €12.86 ($13.54) on Tuesday. The firm has a market cap of $175.67 million, a price-to-earnings ratio of 25.22 and a beta of 0.80. Idaho Strategic Resources has a one year low of €6.50 ($6.84) and a one year high of €18.35 ($19.32). The company has a debt-to-equity ratio of 0.06, a current ratio of 5.52 and a quick ratio of 5.15.

Institutional Trading of Idaho Strategic Resources

Hedge funds have recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in shares of Idaho Strategic Resources during the 3rd quarter worth approximately $40,000. Quantbot Technologies LP bought a new position in shares of Idaho Strategic Resources in the third quarter worth $79,000. WR Wealth Planners LLC raised its position in shares of Idaho Strategic Resources by 114.9% in the 4th quarter. WR Wealth Planners LLC now owns 8,430 shares of the company’s stock valued at $86,000 after buying an additional 4,507 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Idaho Strategic Resources during the third quarter worth $90,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Idaho Strategic Resources during the 4th quarter worth $131,000. 8.70% of the stock is owned by institutional investors and hedge funds.

Idaho Strategic Resources Company Profile

(Get Free Report)

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.

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