International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Short Interest Up 34.2% in April

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 242,400 shares, an increase of 34.2% from the March 31st total of 180,600 shares. Based on an average daily trading volume, of 138,500 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Atria Wealth Solutions Inc. grew its holdings in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,018 shares of the mining company’s stock after acquiring an additional 18,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 54.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of International Tower Hill Mines in a research report on Tuesday. They issued a “sell” rating for the company.

International Tower Hill Mines Trading Down 0.9 %

Shares of THM traded down $0.01 during trading hours on Tuesday, reaching $0.63. 50,837 shares of the company’s stock traded hands, compared to its average volume of 147,509. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.80. The company has a market cap of $125.78 million, a PE ratio of -31.00 and a beta of 1.14.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last posted its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) EPS for the quarter.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.