Short Interest in Solaris Resources Inc. (NYSEAMERICAN:SLSR) Expands By 104.6%

Solaris Resources Inc. (NYSEAMERICAN:SLSR) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 888,780 shares, an increase of 104.6% from the July 15th total of 434,423 shares. Based on an average daily trading volume, of 204,091 shares, the short-interest ratio is currently 4.4 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Solaris Resources

Large investors have recently modified their holdings of the stock. Barclays PLC bought a new position in Solaris Resources in the 4th quarter worth about $36,000. Russell Investments Group Ltd. bought a new stake in Solaris Resources during the 3rd quarter valued at about $38,000. Raymond James Financial Inc. bought a new stake in Solaris Resources during the 2nd quarter valued at about $38,000. Farther Finance Advisors LLC raised its holdings in Solaris Resources by 50.0% in the fourth quarter. Farther Finance Advisors LLC now owns 9,000 shares of the company’s stock worth $72,000 after buying an additional 3,000 shares during the last quarter. Finally, Themes Management Co LLC purchased a new position in Solaris Resources in the fourth quarter worth about $92,000.

Solaris Resources Stock Performance

Solaris Resources stock opened at $7.72 on Monday. The business’s fifty day simple moving average is $8.15 and its two-hundred day simple moving average is $9.15. Solaris Resources has a 12 month low of $4.89 and a 12 month high of $11.48. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -42.89 and a beta of 1.30.

Solaris Resources Company Profile

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.