PolyMet Mining Corp. (NYSE:PLM) (TSE:POM) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,870,093 shares, an increase of 2.6% from the October 31st total of 2,797,823 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 317,736 shares, the days-to-cover ratio is currently 9.0 days.
Separately, Zacks Investment Research cut shares of PolyMet Mining Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th.
Several large investors have recently made changes to their positions in PLM. SNS Financial Group LLC raised its stake in shares of PolyMet Mining Corp. by 7.4% in the second quarter. SNS Financial Group LLC now owns 144,505 shares of the company’s stock valued at $111,000 after buying an additional 10,000 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of PolyMet Mining Corp. during the third quarter valued at about $141,000. Finally, US Bancorp DE raised its stake in shares of PolyMet Mining Corp. by 793.2% in the second quarter. US Bancorp DE now owns 714,594 shares of the company’s stock valued at $550,000 after buying an additional 634,594 shares in the last quarter.
PolyMet Mining Corp. (NYSE:PLM) traded down 2.1246% during midday trading on Friday, reaching $0.8799. 28,586 shares of the company traded hands. PolyMet Mining Corp. has a one year low of $0.68 and a one year high of $1.28. The firm’s market capitalization is $244.43 million. The firm has a 50-day moving average price of $0.80 and a 200-day moving average price of $0.82.
PolyMet Mining Corp. Company Profile