Polymet Mining Corp (PLM) Short Interest Update

Polymet Mining Corp (NYSE:PLM) (TSE:POM) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 975,880 shares, a growth of 11.5% from the October 13th total of 875,459 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 371,999 shares, the days-to-cover ratio is presently 2.6 days.

Polymet Mining Corp (PLM) opened at $0.61 on Friday. Polymet Mining Corp has a fifty-two week low of $0.57 and a fifty-two week high of $0.97.

Polymet Mining Corp (NYSE:PLM) (TSE:POM) last issued its quarterly earnings data on Thursday, September 14th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01).

An institutional investor recently raised its position in Polymet Mining Corp stock. Royal Bank of Canada raised its position in shares of Polymet Mining Corp (NYSE:PLM) (TSE:POM) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,061,800 shares of the basic materials company’s stock after purchasing an additional 41,750 shares during the quarter. Royal Bank of Canada owned about 0.33% of Polymet Mining Corp worth $626,000 as of its most recent SEC filing.

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Polymet Mining Corp 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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