Sinda Ltd. (NYSE:SIND) Stock Short Interest Report for September

Sinda Ltd. (NYSE:SIND) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 194,918 shares, a growth of 174.8% from the September 15th total of 70,943 shares. Based on an average trading volume of 132,389 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.1% of the company’s shares are short sold.

Sinda Stock Down 0.6%

SIND traded down $0.08 during trading on Tuesday, reaching $13.71. The stock had a trading volume of 40,131 shares, compared to its average volume of 133,583. The firm’s 50 day simple moving average is $15.32. The company has a market capitalization of $2.18 billion and a P/E ratio of -105.44. Sinda has a one year low of $10.03 and a one year high of $18.95.

Sinda (NYSE:SIND) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Research analysts predict that Sinda will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sinda stock. Bornite Capital Management LP bought a new stake in shares of Sinda Ltd. (NYSE:SIND) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda accounts for about 0.3% of Bornite Capital Management LP’s investment portfolio, making the stock its 20th largest position. Bornite Capital Management LP owned 0.13% of Sinda at the end of the most recent reporting period.

Analyst Ratings Changes

SIND has been the subject of several research analyst reports. Zacks Research raised shares of Sinda to a “hold” rating in a research note on Tuesday, July 28th. BMO Capital Markets upped their target price on Sinda from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Royal Bank Of Canada began coverage on Sinda in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 target price on the stock. Citigroup initiated coverage on shares of Sinda in a report on Tuesday, July 21st. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Canaccord Genuity Group initiated coverage on Sinda in a report on Tuesday, August 18th. They issued a “speculative buy” rating and a $19.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.83.

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.