Short Interest in Entrée Resources Ltd. (OTCMKTS:ERLFF) Increases By 18.8%

Entrée Resources Ltd. (OTCMKTS:ERLFF) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,800 shares, an increase of 18.8% from the October 31st total of 3,200 shares. Based on an average daily volume of 37,000 shares, the days-to-cover ratio is presently 0.1 days.

Entrée Resources Trading Up 1.4 %

OTCMKTS ERLFF opened at $1.41 on Friday. Entrée Resources has a 12 month low of $0.84 and a 12 month high of $1.75. The company’s 50 day simple moving average is $1.52 and its 200 day simple moving average is $1.24.

Wall Street Analysts Forecast Growth

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

About Entrée Resources

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.