International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 784,716 shares, a growth of 5.6% from the January 15th total of 742,906 shares. Based on an average daily trading volume, of 161,013 shares, the days-to-cover ratio is presently 4.9 days.
NYSEAMERICAN:THM traded down $0.03 during mid-day trading on Monday, reaching $0.57. The stock had a trading volume of 56,700 shares, compared to its average volume of 121,136. International Tower Hill Mines has a one year low of $0.35 and a one year high of $0.78.
A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. boosted its stake in International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,234,678 shares of the mining company’s stock after purchasing an additional 104,235 shares during the period. Russell Investments Group Ltd. owned about 0.66% of International Tower Hill Mines worth $590,000 at the end of the most recent reporting period.
About International Tower Hill Mines
International Tower Hill Mines Ltd., a mineral exploration company, acquires and explores for mineral properties Canada and the United States. It holds or has rights to acquire ownership or leasehold interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.
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