Entree Resources Ltd (NYSEAMERICAN:EGI) (TSE:ETG) was the target of a significant increase in short interest in the month of September. As of September 14th, there was short interest totalling 234,114 shares, an increase of 16.2% from the August 31st total of 201,415 shares. Based on an average trading volume of 83,857 shares, the short-interest ratio is currently 2.8 days.
Shares of EGI stock opened at $0.37 on Thursday. Entree Resources has a 1 year low of $0.34 and a 1 year high of $0.69.
Separately, Zacks Investment Research upgraded shares of Entree Resources from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th.
Entrée Resources Ltd., an exploration stage company, engages in the exploration of mineral resource properties located in Mongolia, Peru, Australia, and Canada. Its principal property is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold porphyry deposit and the Heruga copper-gold-molybdenum porphyry deposit located in Mongolia.
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