Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Up 40.5% in July
Americas Silver Corp (NYSEAMERICAN:USAS) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 3,640,000 shares, a growth of 40.5% from the June 30th total of 2,590,000 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average trading volume of 1,300,000 shares, the days-to-cover ratio is currently 2.8 days.
A number of equities analysts recently issued reports on USAS shares. Zacks Investment Research upgraded Americas Silver from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. HC Wainwright reiterated a “buy” rating and set a $4.25 price target (down previously from $4.70) on shares of Americas Silver in a report on Monday, May 18th. Finally, Desjardins reiterated a “buy” rating on shares of Americas Silver in a report on Thursday, May 28th.
Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its stake in Americas Silver by 981.5% in the first quarter. Jane Street Group LLC now owns 203,755 shares of the company’s stock valued at $314,000 after purchasing an additional 184,915 shares in the last quarter. Two Sigma Advisers LP grew its stake in Americas Silver by 103.4% in the first quarter. Two Sigma Advisers LP now owns 364,100 shares of the company’s stock valued at $561,000 after purchasing an additional 185,100 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Americas Silver in the fourth quarter valued at about $76,000. ETF Managers Group LLC grew its stake in Americas Silver by 19.3% in the first quarter. ETF Managers Group LLC now owns 1,072,154 shares of the company’s stock valued at $1,630,000 after purchasing an additional 173,520 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Americas Silver in the first quarter valued at about $91,000.
Americas Silver (NYSEAMERICAN:USAS) last issued its earnings results on Friday, May 15th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $7.27 million during the quarter.
About Americas Silver
Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.
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