International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) was the target of a significant drop in short interest during the month of March. As of March 29th, there was short interest totalling 695,918 shares, a drop of 14.0% from the March 15th total of 809,158 shares. Based on an average daily volume of 119,266 shares, the days-to-cover ratio is presently 5.8 days.
A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. grew its holdings in International Tower Hill Mines Ltd (NYSEAMERICAN:THM) (TSE:ITH) by 9.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,234,678 shares of the mining company’s stock after buying an additional 104,235 shares during the quarter. Russell Investments Group Ltd. owned 0.66% of International Tower Hill Mines worth $590,000 as of its most recent SEC filing.
Shares of THM stock traded up $0.01 during trading hours on Friday, reaching $0.48. 61,745 shares of the company’s stock were exchanged, compared to its average volume of 115,794. International Tower Hill Mines has a 1 year low of $0.35 and a 1 year high of $0.75.
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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