Short Interest in Entrée Resources Ltd. (OTCMKTS:ERLFF) Drops By 44.0%

Entrée Resources Ltd. (OTCMKTS:ERLFF) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 24,200 shares, a decline of 44.0% from the February 13th total of 43,200 shares. Based on an average daily volume of 36,700 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Entrée Resources Trading Up 2.9 %

OTCMKTS ERLFF traded up $0.04 on Friday, reaching $1.57. The stock had a trading volume of 23,626 shares, compared to its average volume of 19,290. The business has a 50 day moving average price of $1.75 and a 200 day moving average price of $1.57. Entrée Resources has a 1 year low of $0.90 and a 1 year high of $1.91. The company has a market capitalization of $325.62 million, a price-to-earnings ratio of -31.40 and a beta of 0.99.

Entrée Resources (OTCMKTS:ERLFF) last released its quarterly earnings results on Wednesday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded Entrée Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Entrée Resources Company Profile

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.