Entrée Resources Ltd. (OTCMKTS:ERLFF) Short Interest Up 728.9% in November

Entrée Resources Ltd. (OTCMKTS:ERLFF) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 31,500 shares, an increase of 728.9% from the November 15th total of 3,800 shares. Based on an average daily trading volume, of 17,400 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Ratings Changes

Separately, TD Securities cut Entrée Resources from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Entrée Resources Price Performance

ERLFF stock traded down $0.11 on Wednesday, reaching $1.57. 2,181 shares of the company traded hands, compared to its average volume of 16,646. The firm has a fifty day simple moving average of $1.52 and a 200-day simple moving average of $1.26. Entrée Resources has a one year low of $0.84 and a one year high of $1.75. The company has a market cap of $320.68 million, a P/E ratio of -33.60 and a beta of 1.12.

Entrée Resources Company Profile

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.