Short Interest in Platinum Group Metals Limited (PLG) Grows By 10.4%
Date: Oct 17, 2018
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the target of a significant growth in short interest in September. As of September 28th, there was short interest totalling 5,297,238 shares, a growth of 10.4% from the September 14th total of 4,798,018 shares. Based on an average daily trading volume, of 2,127,646 shares, the days-to-cover ratio is presently 2.5 days. Shares of PLG stock remained flat at $$0.17 during mid-day trading on Tuesday. 663,500 shares of the stock were exchanged, compared to its average volume of 1,256,199. Platinum Group Metals has a twelve month low of $0.08 and a twelve month high of $0.58.
Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last released its quarterly earnings data on Monday, July 16th. The basic materials company reported ($0.05) EPS for the quarter. A hedge fund recently raised its stake in Platinum Group Metals stock. Liberty Mutual Group Asset Management Inc. raised its stake in Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 123.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 36,160,609 shares of the basic materials company’s stock after buying an additional 20,000,000 shares during the quarter. Liberty Mutual Group Asset Management Inc. owned approximately 12.43% of Platinum Group Metals worth $3,813,000 as of its most recent SEC filing.
