Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 941,846 shares, a decrease of 3.5% from the October 31st total of 975,880 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 179,774 shares, the short-interest ratio is presently 5.2 days.
Shares of Polymet Mining (NYSEAMERICAN:PLM) opened at $0.63 on Friday. Polymet Mining has a one year low of $0.57 and a one year high of $0.97.
Polymet Mining (NYSEAMERICAN:PLM) (TSE:POM) last issued its quarterly earnings results on Thursday, September 14th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01).
An institutional investor recently bought a new position in Polymet Mining stock. Virtu KCG Holdings LLC bought a new position in Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 316,532 shares of the basic materials company’s stock, valued at approximately $187,000. Virtu KCG Holdings LLC owned approximately 0.10% of Polymet Mining at the end of the most recent reporting period.
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Polymet Mining Company Profile
PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.
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