Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Sees Significant Increase in Short Interest

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 242,300 shares, an increase of 43.9% from the August 31st total of 168,400 shares. Based on an average daily trading volume, of 130,800 shares, the short-interest ratio is currently 1.9 days. Currently, 2.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Roth Mkm upped their price target on shares of Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, August 26th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IDR. WR Wealth Planners LLC increased its holdings in Idaho Strategic Resources by 145.2% in the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after acquiring an additional 2,323 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Idaho Strategic Resources during the second quarter valued at about $108,000. Salem Investment Counselors Inc. increased its holdings in shares of Idaho Strategic Resources by 30.0% in the first quarter. Salem Investment Counselors Inc. now owns 17,354 shares of the company’s stock worth $147,000 after purchasing an additional 4,000 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of Idaho Strategic Resources in the second quarter worth about $496,000. Finally, Renaissance Technologies LLC lifted its position in shares of Idaho Strategic Resources by 24.7% in the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock worth $599,000 after buying an additional 12,050 shares in the last quarter. 8.70% of the stock is owned by hedge funds and other institutional investors.

Idaho Strategic Resources Stock Down 4.4 %

Shares of IDR stock traded down €0.68 ($0.76) during trading hours on Friday, reaching €14.92 ($16.58). 245,500 shares of the company traded hands, compared to its average volume of 79,492. The stock has a market cap of $193.36 million, a P/E ratio of 59.68 and a beta of 0.78. The company has a quick ratio of 5.58, a current ratio of 6.01 and a debt-to-equity ratio of 0.07. Idaho Strategic Resources has a 12-month low of €4.48 ($4.98) and a 12-month high of €16.00 ($17.78).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported €0.17 ($0.19) EPS for the quarter, beating analysts’ consensus estimates of €0.07 ($0.08) by €0.10 ($0.11). The business had revenue of €6.13 million for the quarter, compared to analysts’ expectations of €5.20 million. Idaho Strategic Resources had a return on equity of 22.07% and a net margin of 26.69%. On average, equities research analysts forecast that Idaho Strategic Resources will post 0.72 EPS for the current year.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.