Date: Nov 12, 2018
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,693,464 shares, an increase of 19.3% from the October 15th total of 4,770,785 shares. Based on an average daily trading volume, of 1,222,434 shares, the short-interest ratio is currently 4.7 days.
Platinum Group Metals stock opened at $0.18 on Friday. Platinum Group Metals has a twelve month low of $0.08 and a twelve month high of $0.58.
Several institutional investors have recently bought and sold shares of the company. CQS Cayman LP increased its holdings in shares of Platinum Group Metals by 338.7% in the 3rd quarter. CQS Cayman LP now owns 4,317,158 shares of the basic materials company’s stock worth $767,000 after buying an additional 3,333,000 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Platinum Group Metals by 123.8% during the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 36,160,609 shares of the basic materials company’s stock worth $3,813,000 after purchasing an additional 20,000,000 shares during the period. Finally, Investec Asset Management LTD purchased a new position in shares of Platinum Group Metals during the 2nd quarter worth about $132,000.
