Platinum Group Metals Limited (PLG) Sees Significant Decline in Short Interest

Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 536,092 shares, a decrease of 89.1% from the December 14th total of 4,932,390 shares. Based on an average daily volume of 136,710 shares, the short-interest ratio is presently 3.9 days.

Shares of NYSEAMERICAN PLG opened at $1.58 on Friday. Platinum Group Metals has a 12-month low of $0.80 and a 12-month high of $5.82.

Platinum Group Metals (NYSEAMERICAN:PLG) (TSE:PTM) last announced its quarterly earnings data on Thursday, November 29th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

An institutional investor recently raised its position in Platinum Group Metals stock. CQS Cayman LP lifted its position in shares of Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) by 338.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,317,158 shares of the basic materials company’s stock after buying an additional 3,333,000 shares during the period. CQS Cayman LP owned 1.48% of Platinum Group Metals worth $767,000 as of its most recent SEC filing.

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About Platinum Group Metals

Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. It explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. The company holds 50.02% interest in the Waterberg project located on the North Limb of the Western Bushveld complex, South Africa.

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