Polymet Mining Corp (NYSE:PLM) (TSE:POM) saw a significant decline in short interest in the month of July. As of July 14th, there was short interest totalling 2,981,296 shares, a decline of 0.6% from the June 30th total of 2,997,953 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 155,971 shares, the days-to-cover ratio is currently 19.1 days.
A hedge fund recently bought a new stake in Polymet Mining Corp stock. Renaissance Technologies LLC purchased a new position in Polymet Mining Corp (NYSE:PLM) (TSE:POM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 304,809 shares of the basic materials company’s stock, valued at approximately $226,000. Renaissance Technologies LLC owned about 0.10% of Polymet Mining Corp as of its most recent SEC filing.
Polymet Mining Corp (NYSE:PLM) opened at 0.6548 on Friday. The firm’s market capitalization is $208.63 million. Polymet Mining Corp has a 1-year low of $0.57 and a 1-year high of $1.14. The company has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.72.
About Polymet Mining Corp
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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