Versamet Royalties Corporation (NASDAQ:VMET) Short Interest Update

Versamet Royalties Corporation (NASDAQ:VMET) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 159,785 shares, an increase of 195.2% from the April 15th total of 54,133 shares. Based on an average trading volume of 273,600 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Versamet Royalties Stock Up 5.3%

VMET opened at $13.25 on Thursday. Versamet Royalties has a 1 year low of $5.40 and a 1 year high of $15.58. The firm has a market capitalization of $1.43 billion and a P/E ratio of 69.74.

Analyst Ratings Changes

VMET has been the subject of several research reports. Wall Street Zen upgraded shares of Versamet Royalties to a “hold” rating in a research note on Saturday, May 2nd. BMO Capital Markets upgraded shares of Versamet Royalties to a “strong-buy” rating in a research note on Monday, April 6th. Zacks Research upgraded shares of Versamet Royalties to a “hold” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings initiated coverage on shares of Versamet Royalties in a research note on Tuesday, April 7th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.