Solitario Resources Corp. Sees Substantial Decrease in Short Interest for February

Solitario Resources Corp. (NYSEAMERICAN:XPL) experienced a notable reduction in short interest for the month of February. On February 28th, the short interest stood at 87,700 shares, marking a significant decline of 30.6% from the 126,400 shares reported on February 13th. Based on the company's average daily trading volume of 51,400 shares, this reduces the short-interest ratio to approximately 1.7 days. Currently, only about 0.1% of Solitario Resources' total shares are sold short.

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Institutional Investors Adjusting Their Positions

Recently, a number of large institutional investors have made adjustments to their holdings in Solitario Resources. Total Wealth Planning & Management Inc. acquired a new stake in the company, valued at about $90,000, during the fourth quarter. Millennium Management LLC also purchased new shares worth approximately $44,000 during the same period. Meanwhile, Lido Advisors LLC invested around $555,000, taking a new stake in Solitario Resources. Furthermore, National Bank of Canada FI grew its holdings by 57.1%, now owning 165,000 shares after acquiring an additional 60,000 shares, bringing its investment to approximately $98,000. Geode Capital Management LLC also increased its holdings by 11.4% in the third quarter, now holding 579,870 shares valued at $406,000 after buying an additional 59,573 shares. Overall, institutional investors currently own around 18.23% of the company’s stock.

Analyst Ratings Update

In recent developments, HC Wainwright reiterated its "buy" rating and set a target price of $1.20 per share for Solitario Resources as noted in a research announcement on February 7th.

Solitario Resources Stock Performance

On Friday, February 28th, shares of Solitario Resources opened at $0.64. As of the latest reports, the company has a market capitalization of $52.13 million and a price-to-earnings ratio of -10.67. Additionally, the stock has experienced a 52-week low of $0.48 and a high of $0.98 over the same period.

Overview of Solitario Resources Corp.

Solitario Resources Corp. is primarily engaged in the exploration and acquisition of properties related to precious metals, zinc, and various base metals across North and South America. The company holds a 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska, a 39% interest in the Florida Canyon zinc project in northern Peru, and an 85% interest in the Chambara exploration project situated in Peru.

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