Short Interest in Gatos Silver, Inc. (NYSE:GATO) Rises By 12.8%

Gatos Silver, Inc. (NYSE:GATOGet Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 703,900 shares, a growth of 12.8% from the February 29th total of 624,200 shares. Based on an average daily trading volume, of 292,500 shares, the short-interest ratio is presently 2.4 days. Approximately 1.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their price target on Gatos Silver from $6.50 to $7.00 and gave the company a “sector perform” rating in a research report on Thursday, March 28th.

View Our Latest Analysis on Gatos Silver

Institutional Trading of Gatos Silver

Several large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Gatos Silver by 11,226.4% in the third quarter. Tower Research Capital LLC TRC now owns 9,854 shares of the company’s stock worth $51,000 after buying an additional 9,767 shares during the period. Ethic Inc. purchased a new position in shares of Gatos Silver during the first quarter valued at approximately $55,000. Barclays PLC purchased a new position in shares of Gatos Silver during the third quarter valued at approximately $60,000. International Assets Investment Management LLC purchased a new position in Gatos Silver in the 4th quarter worth approximately $64,000. Finally, Walleye Capital LLC purchased a new position in Gatos Silver in the 2nd quarter worth approximately $67,000. 44.81% of the stock is owned by institutional investors.

Gatos Silver Price Performance

NYSE GATO traded up $0.33 during trading hours on Tuesday, reaching $8.78. 318,339 shares of the stock traded hands, compared to its average volume of 291,718. The stock has a 50 day simple moving average of $6.94 and a two-hundred day simple moving average of $6.11. Gatos Silver has a 1 year low of $3.51 and a 1 year high of $8.82. The company has a market cap of $607.40 million, a price-to-earnings ratio of 46.21 and a beta of 2.21.

Gatos Silver (NYSE:GATOGet Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.12.

About Gatos Silver

(Get Free Report)

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico.

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