TURQUOISE HILL RESOURCES LIMITED (NYSE:TRQ) SHORT INTEREST INCREASED BY 100.83%
The stock of Turquoise Hill Resources Limited (NYSE:TRQ) registered an increase of 100.83% in short interest. TRQ’s total short interest was 6.65 million shares in April as published by FINRA. Its up 100.83% from 3.31M shares, reported previously.
With 2.48M shares average volume, it will take short sellers 3 days to cover their TRQ’s short positions. The short interest to Turquoise Hill Resources Limited’s float is 0.76%. The stock decreased 3.46% or $0.1 on April 22, hitting $2.79. About 2.49 million shares traded hands or 0.81% up from the average. Turquoise Hill Resources Ltd (NYSE:TRQ) has declined 7.31% since September 17, 2015 and is downtrending. It has underperformed by 12.40% the S&P500.
Turquoise Hill Resources Ltd. is an international mining firm focused on mining activities in Mongolia. The company has a market cap of $5.20 billion. The Company’s principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. It has a 18.05 P/E ratio. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and 80 kilometers north of the Mongolia-China border.
Out of 1 analysts covering Turquoise Hill Resources (NYSE:TRQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Turquoise Hill Resources has been the topic of 3 analyst reports since September 29, 2015 according to StockzIntelligence Inc. TD Securities upgraded the stock on December 11 to “Buy” rating.