Skeena Resources Limited (NYSE:SKE) Short Interest Update

Skeena Resources Limited (NYSE:SKE) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,190,000 shares, a decrease of 21.4% from the February 28th total of 4,060,000 shares. Approximately 3.8% of the company’s stock are sold short. Based on an average daily volume of 324,000 shares, the short-interest ratio is currently 9.8 days.

Skeena Resources Trading Down 1.7 %

Skeena Resources stock traded down $0.17 on Wednesday, hitting $9.92. 660,665 shares of the stock traded hands, compared to its average volume of 354,241. The business’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $9.50. The firm has a market cap of $1.12 billion, a P/E ratio of -7.24 and a beta of 1.29. Skeena Resources has a 1 year low of $4.10 and a 1 year high of $11.74.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds have recently bought and sold shares of the business. Helikon Investments Ltd lifted its holdings in shares of Skeena Resources by 316.1% during the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company’s stock valued at $77,873,000 after purchasing an additional 6,784,027 shares during the last quarter. Amundi boosted its holdings in Skeena Resources by 9.8% in the fourth quarter. Amundi now owns 1,219,300 shares of the company’s stock worth $11,632,000 after acquiring an additional 109,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Skeena Resources by 5.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,156,738 shares of the company’s stock worth $10,046,000 after acquiring an additional 60,838 shares in the last quarter. Sprott Inc. grew its stake in shares of Skeena Resources by 5.1% in the fourth quarter. Sprott Inc. now owns 1,109,950 shares of the company’s stock worth $9,674,000 after acquiring an additional 54,242 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Skeena Resources by 4,414.9% during the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company’s stock valued at $6,836,000 after acquiring an additional 766,600 shares in the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.