Short Interest in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Grows By 34.2%

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 242,400 shares, an increase of 34.2% from the March 31st total of 180,600 shares. Based on an average daily volume of 138,500 shares, the short-interest ratio is presently 1.8 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on International Tower Hill Mines in a research note on Tuesday. They set a “sell” rating on the stock.

International Tower Hill Mines Stock Down 0.9 %

Shares of NYSEAMERICAN:THM traded down $0.01 during trading on Tuesday, reaching $0.63. 50,837 shares of the company traded hands, compared to its average volume of 147,509. International Tower Hill Mines has a 1-year low of $0.31 and a 1-year high of $0.80. The firm has a market capitalization of $125.78 million, a P/E ratio of -31.00 and a beta of 1.14.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) EPS for the quarter.

Institutional Investors Weigh In On International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Atria Wealth Solutions Inc. grew its holdings in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,018 shares of the mining company’s stock after acquiring an additional 18,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 as of its most recent SEC filing. 54.63% of the stock is owned by hedge funds and other institutional investors.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.