Trilogy Metals Inc (TMQ) Short Interest Up 27.3% in January

Trilogy Metals Inc (NYSEAMERICAN:TMQ) was the target of a large growth in short interest in January. As of January 12th, there was short interest totalling 1,133,907 shares, a growth of 27.3% from the December 29th total of 890,679 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average trading volume of 520,159 shares, the days-to-cover ratio is presently 2.2 days.

Separately, Zacks Investment Research lowered shares of Trilogy Metals from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

Shares of Trilogy Metals (NYSEAMERICAN TMQ) opened at $1.37 on Tuesday. The stock has a market cap of $134.24, a PE ratio of 6.60 and a beta of 0.36. Trilogy Metals has a twelve month low of $0.45 and a twelve month high of $1.64.

In other news, major shareholder Paulson & Co. Inc. acquired 47,200 shares of the stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $1.28 per share, for a total transaction of $60,416.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nieuwenhuyse Rick Van acquired 1,159,096 shares of the stock in a transaction dated Monday, December 18th. The shares were purchased at an average price of $0.83 per share, for a total transaction of $962,049.68. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in Trilogy Metals stock. Selz Capital LLC raised its holdings in Trilogy Metals Inc (NYSEAMERICAN:TMQ) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,366,978 shares of the mining company’s stock after purchasing an additional 175,809 shares during the period. Selz Capital LLC owned approximately 3.19% of Trilogy Metals worth $3,670,000 at the end of the most recent quarter.

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Trilogy Metals Company Profile

Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.

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