International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Short Interest Update

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 179,400 shares, a decrease of 13.2% from the August 31st total of 206,600 shares. Based on an average daily trading volume, of 144,100 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the stock are sold short.

International Tower Hill Mines Trading Down 2.3 %

Shares of NYSEAMERICAN THM opened at $0.57 on Monday. International Tower Hill Mines has a 1-year low of $0.32 and a 1-year high of $0.80. The company has a market cap of $114.36 million, a price-to-earnings ratio of -28.64 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last posted its quarterly earnings data on Friday, August 9th. The mining company reported ($0.01) EPS for the quarter.

Hedge Funds Weigh In On International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC acquired a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned 1.03% of International Tower Hill Mines at the end of the most recent reporting period. 54.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of International Tower Hill Mines in a report on Friday. They issued a “sell” rating on the stock.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.