Date: Sep 4, 2018
Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 4,828,659 shares, a drop of 3.2% from the July 31st total of 4,990,069 shares. Based on an average trading volume of 1,660,003 shares, the days-to-cover ratio is presently 2.9 days.
A hedge fund recently bought a new stake in Platinum Group Metals stock. Investec Asset Management LTD purchased a new stake in Platinum Group Metals Limited (NYSEAMERICAN:PLG) (TSE:PTM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,339,714 shares of the basic materials company’s stock, valued at approximately $132,000. Investec Asset Management LTD owned about 0.46% of Platinum Group Metals as of its most recent filing with the Securities & Exchange Commission.
PLG opened at $0.10 on Monday. Platinum Group Metals has a fifty-two week low of $0.08 and a fifty-two week high of $0.72.
