International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Short Interest Update

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 179,400 shares, a decline of 13.2% from the August 31st total of 206,600 shares. Based on an average trading volume of 144,100 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on International Tower Hill Mines in a research report on Friday. They issued a “sell” rating for the company.

Hedge Funds Weigh In On International Tower Hill Mines

A hedge fund recently bought a new stake in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned approximately 1.03% of International Tower Hill Mines as of its most recent filing with the Securities and Exchange Commission. 54.63% of the stock is currently owned by institutional investors and hedge funds.

International Tower Hill Mines Price Performance

Shares of International Tower Hill Mines stock opened at $0.57 on Friday. International Tower Hill Mines has a 1-year low of $0.32 and a 1-year high of $0.80. The stock has a market cap of $114.36 million, a price-to-earnings ratio of -28.64 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its quarterly earnings data on Friday, August 9th. The mining company reported ($0.01) EPS for the quarter.

International Tower Hill Mines Company Profile

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.