Sinda Ltd. (NYSE:SIND) Short Interest Update

Sinda Ltd. (NYSE:SIND) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 53,082 shares, a decrease of 97.5% from the June 30th total of 2,105,990 shares. Based on an average daily trading volume, of 88,121 shares, the short-interest ratio is currently 0.6 days.

Sinda Price Performance

Shares of SIND traded down $0.47 during midday trading on Friday, reaching $13.94. 283,986 shares of the stock were exchanged, compared to its average volume of 124,973. Sinda has a twelve month low of $10.80 and a twelve month high of $15.00.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SIND shares. Wall Street Zen upgraded Sinda to a “hold” rating in a report on Saturday, July 4th. BMO Capital Markets began coverage on Sinda in a report on Tuesday. They set an “outperform” rating and a $16.00 price objective on the stock. UBS Group set a $19.00 price target on shares of Sinda in a report on Tuesday. Royal Bank Of Canada started coverage on Sinda in a report on Tuesday. They set an “outperform” rating and a $19.00 price objective for the company. Finally, Citigroup began coverage on shares of Sinda in a research report on Tuesday. They issued a “buy” rating and a $18.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $18.20.

Sinda Company Profile

We hold title to, or have exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery located in the historic Guanajuato epithermal silver belt of Mexico (the “Sinda Property” or the “Project”). The Sinda Property is a large primary silver asset that we believe has the potential to be a globally significant mining operation. The Sinda Property is located approximately 22 miles (35 kilometers) from the colonial city of San Miguel de Allende in the Mexican state of Guanajuato, approximately 180 miles (290 kilometers) northwest of Mexico City and 28 miles (45 kilometers) southeast of the Guanajuato Mining District, in close proximity to several of the world’s largest and historically most productive silver deposits and mines.