Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Down 34.0% in September

by · The Cerbat Gem

Americas Silver Corp (NYSEAMERICAN:USAS – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,030,000 shares, a decrease of 34.0% from the September 15th total of 1,560,000 shares. Based on an average daily volume of 800,400 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $0.80 price objective on shares of Americas Silver in a research report on Thursday.

Get Our Latest Stock Analysis on Americas Silver

Americas Silver Price Performance

USAS stock traded up $0.02 during mid-day trading on Friday, hitting $0.40. 2,239,189 shares of the company were exchanged, compared to its average volume of 1,142,690. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.43. The firm has a market cap of $108.49 million, a PE ratio of -2.38 and a beta of 1.29.

Americas Silver (NYSEAMERICAN:USAS – Get Free Report) last released its earnings results on Thursday, August 15th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $31.63 million during the quarter. Americas Silver had a negative return on equity of 53.06% and a negative net margin of 40.60%. Sell-side analysts anticipate that Americas Silver will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in USAS. Tidal Investments LLC acquired a new position in Americas Silver in the first quarter valued at approximately $1,495,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Americas Silver in the 1st quarter valued at $1,083,000. Finally, Renaissance Technologies LLC grew its position in shares of Americas Silver by 2,806.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after buying an additional 1,153,783 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Silver Company Profile

(Get Free Report)

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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