Short Interest in Platinum Group Metals Limited (PLG) Rises By 19.3%
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 5,693,464 shares, an increase of 19.3% from the October 15th total of 4,770,785 shares. Based on an average trading volume of 1,222,434 shares, the short-interest ratio is currently 4.7 days.
Platinum Group Metals stock opened at $0.18 on Friday. Platinum Group Metals has a 12 month low of $0.08 and a 12 month high of $0.58.
A number of institutional investors have recently bought and sold shares of the business. Investec Asset Management LTD acquired a new position in Platinum Group Metals in the 2nd quarter valued at approximately $132,000. CQS Cayman LP raised its holdings in Platinum Group Metals by 338.7% in the 3rd quarter. CQS Cayman LP now owns 4,317,158 shares of the basic materials company’s stock valued at $767,000 after acquiring an additional 3,333,000 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its holdings in Platinum Group Metals by 123.8% in the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 36,160,609 shares of the basic materials company’s stock valued at $3,813,000 after acquiring an additional 20,000,000 shares in the last quarter.
Platinum Group Metals Company Profile
Platinum Group Metals Ltd. operates as a platinum-focused exploration and development company in the Republic of South Africa and Canada. It primarily explores for platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, copper, chromium, and vanadium deposits. The company's key development project and exploration targets are located in the Bushveld Complex in South Africa.
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