Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Update

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 573,000 shares, an increase of 23.8% from the November 30th total of 462,900 shares. Approximately 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 265,000 shares, the short-interest ratio is currently 2.2 days.

Insider Activity

In other Idaho Strategic Resources news, CEO John Swallow sold 225,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of €13.04 ($13.58), for a total value of €2,934,000.00 ($3,056,250.00). Following the completion of the sale, the chief executive officer now owns 955,248 shares of the company’s stock, valued at €12,456,433.92 ($12,975,452). This represents a 19.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Monique D. Hayes sold 7,746 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of €11.51 ($11.99), for a total transaction of €89,156.46 ($92,871.31). Following the completion of the sale, the insider now owns 27,670 shares of the company’s stock, valued at approximately €318,481.70 ($331,751.77). The trade was a 21.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.66% of the company’s stock.

Institutional Trading of Idaho Strategic Resources

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Idaho Strategic Resources in the 2nd quarter worth about $496,000. Dimensional Fund Advisors LP acquired a new stake in Idaho Strategic Resources in the 2nd quarter worth about $108,000. Centiva Capital LP acquired a new stake in Idaho Strategic Resources in the 3rd quarter worth about $237,000. Renaissance Technologies LLC increased its stake in Idaho Strategic Resources by 24.7% during the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock worth $599,000 after buying an additional 12,050 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Idaho Strategic Resources during the third quarter valued at approximately $90,000. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Price Performance

IDR opened at €9.90 ($10.31) on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52. The company has a market cap of $135.23 million, a PE ratio of 19.41 and a beta of 0.74. Idaho Strategic Resources has a 52-week low of €5.66 ($5.90) and a 52-week high of €18.35 ($19.11).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.16) EPS for the quarter, missing analysts’ consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). The company had revenue of €6.15 million during the quarter, compared to the consensus estimate of €7.40 million. Idaho Strategic Resources had a return on equity of 24.55% and a net margin of 30.44%. As a group, sell-side analysts predict that Idaho Strategic Resources will post 0.71 earnings per share for the current fiscal year.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.