Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,208,433 shares, an increase of 1.3% from the May 15th total of 1,192,625 shares. Based on an average trading volume of 118,568 shares, the short-interest ratio is currently 10.2 days.
Polymet Mining opened at $0.99 on Friday, Marketbeat Ratings reports. Polymet Mining has a 52-week low of $0.58 and a 52-week high of $1.36.
Large investors have recently bought and sold shares of the business. All Terrain Financial Advisors LLC acquired a new position in shares of Polymet Mining in the 4th quarter valued at $118,000. Cahill Financial Advisors Inc. acquired a new position in shares of Polymet Mining in the 1st quarter valued at $168,000. Deutsche Bank AG lifted its stake in shares of Polymet Mining by 174.8% in the 4th quarter. Deutsche Bank AG now owns 297,368 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 189,168 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Polymet Mining by 185.2% in the 4th quarter. Renaissance Technologies LLC now owns 308,600 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 200,400 shares during the period.
About Polymet Mining
PolyMet Mining Corp. explores for and develops natural resource properties. Its primary mineral property is the NorthMet project that includes NorthMet copper-nickel-precious metals ore body covering an area of approximately 4,300 acres located in northeastern Minnesota. The company was formerly known as Fleck Resources Ltd.
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