Short Interest in Silvercorp Metals Inc (SVM) Rises By 87.5%
Silvercorp Metals Inc (NYSE:SVM) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 386,943 shares, a growth of 87.5% from the July 14th total of 206,352 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 228,522 shares, the short-interest ratio is currently 1.7 days.
Large investors have recently added to or reduced their stakes in the stock. ARP Americas LLC acquired a new stake in Silvercorp Metals during the second quarter worth $147,000. First Manhattan Co. acquired a new stake in Silvercorp Metals during the second quarter worth $197,000. Russell Investments Group Ltd. acquired a new stake in Silvercorp Metals during the second quarter worth $255,000. JPMorgan Chase & Co. acquired a new stake in Silvercorp Metals during the second quarter worth $329,000. Finally, Swiss National Bank acquired a new stake in Silvercorp Metals during the second quarter worth $879,000.
Silvercorp Metals (NYSE SVM) traded up 1.47% during trading on Wednesday, reaching $2.76. The company’s stock had a trading volume of 198,455 shares. The firm has a 50 day moving average of $2.94 and a 200 day moving average of $2.95. The stock has a market capitalization of $463.37 million and a price-to-earnings ratio of 11.04. Silvercorp Metals has a 52 week low of $2.67 and a 52 week high of $3.33.
Separately, TheStreet upgraded Silvercorp Metals from a “d” rating to a “b-” rating in a research report on Monday, May 15th.
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Silvercorp Metals Company Profile
Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.
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