Integra Resources Corp. (NYSEAMERICAN:ITRG) Short Interest Update

Integra Resources Corp. (NYSEAMERICAN:ITRG) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 60,200 shares, a drop of 9.1% from the June 30th total of 66,200 shares. Based on an average trading volume of 148,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $3.75 price objective on shares of Integra Resources in a report on Tuesday.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Integra Resources stock. Equinox Partners Investment Management LLC increased its position in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 26.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,815,130 shares of the company’s stock after acquiring an additional 1,857,264 shares during the period. Integra Resources makes up about 5.2% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Equinox Partners Investment Management LLC owned approximately 9.97% of Integra Resources worth $8,055,000 at the end of the most recent reporting period. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Integra Resources Price Performance

Shares of Integra Resources stock traded down $0.03 on Thursday, reaching $0.90. The company had a trading volume of 251,375 shares, compared to its average volume of 149,971. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $79.61 million, a price-to-earnings ratio of -2.21 and a beta of 1.37. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.13.

Integra Resources (NYSEAMERICAN:ITRG) last posted its earnings results on Tuesday, May 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05). As a group, equities research analysts expect that Integra Resources will post -0.26 earnings per share for the current year.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.