What Next for Trilogy Metals Inc (NYSEAMERICAN:TMQ) Stock After Decrease in Shorted Shares?

October 13, 2018 - By Marie Mckinney

The stock of Trilogy Metals Inc (NYSEAMERICAN:TMQ) registered a decrease of 6.69% in short interest. TMQ’s total short interest was 524,600 shares in October as published by FINRA. Its down 6.69% from 562,200 shares, reported previously. With 179,900 shares average volume, it will take short sellers 3 days to cover their TMQ’s short positions. The short interest to Trilogy Metals Inc’s float is 0.69%.

The stock increased 4.52% or $0.09 during the last trading session, reaching $2.08. About 77,119 shares traded. Trilogy Metals Inc. (NYSEAMERICAN:TMQ) has risen 81.00% since October 13, 2017 and is uptrending. It has outperformed by 65.38% the S&P500.

Trilogy Metals Inc., a base metals exploration company, explores for and develops mineral properties in the United States. The company has market cap of $273.63 million. It principally holds interests in the Upper Kobuk mineral projects, which include the Arctic copper-zinc-lead-gold-silver project; and the Bornite deposit, a carbonate-hosted copper deposit covering an area of approximately 352,943 acres located in the Ambler mining district in Northwest Alaska. It currently has negative earnings. The firm was formerly known as NovaCopper Inc. and changed its name to Trilogy Metals Inc. in September 2016.

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