Short Interest in Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Expands By 90.0%

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,780,000 shares, a growth of 90.0% from the February 13th total of 936,800 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily volume of 456,900 shares, the short-interest ratio is currently 3.9 days.

Institutional Trading of Trilogy Metals

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd increased its stake in shares of Trilogy Metals by 235.5% in the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock valued at $56,000 after acquiring an additional 33,636 shares in the last quarter. Virtu Financial LLC increased its stake in shares of Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock valued at $65,000 after acquiring an additional 61,683 shares in the last quarter. Total Wealth Planning & Management Inc. bought a new stake in shares of Trilogy Metals in the 4th quarter valued at $119,000. Two Sigma Advisers LP bought a new stake in shares of Trilogy Metals in the 4th quarter valued at $221,000. Finally, Two Sigma Investments LP bought a new stake in shares of Trilogy Metals in the 4th quarter valued at $416,000. Institutional investors own 16.75% of the company’s stock.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN TMQ traded up $0.09 during midday trading on Friday, reaching $1.59. The stock had a trading volume of 467,486 shares, compared to its average volume of 494,973. The company has a market cap of $260.66 million, a price-to-earnings ratio of -31.80 and a beta of 1.54. Trilogy Metals has a twelve month low of $0.25 and a twelve month high of $1.76. The firm has a 50 day simple moving average of $1.29.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.