Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) was the recipient of a significant growth in short interest during the month of December. As of December 29th, there was short interest totalling 1,062,508 shares, a growth of 5.2% from the December 15th total of 1,010,170 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 469,750 shares, the days-to-cover ratio is currently 2.3 days.
Polymet Mining (NYSEAMERICAN PLM) opened at $1.05 on Friday. The company has a market capitalization of $357.19, a P/E ratio of -26.25 and a beta of 1.00. Polymet Mining has a twelve month low of $0.57 and a twelve month high of $1.14.
An institutional investor recently raised its position in Polymet Mining stock. Royal Bank of Canada lifted its holdings in shares of Polymet Mining Corp. (NYSEAMERICAN:PLM) (TSE:POM) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,061,800 shares of the basic materials company’s stock after acquiring an additional 41,750 shares during the quarter. Royal Bank of Canada owned approximately 0.33% of Polymet Mining worth $626,000 as of its most recent filing with the Securities & Exchange Commission.
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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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