Americas Silver Corp (NYSEAMERICAN:USAS - Get Free Report) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 158,700 shares, a decline of 48.8% from the November 30th total of 309,800 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAS. The Manufacturers Life Insurance Company acquired a new position in shares of Americas Silver in the third quarter valued at approximately $631,000. Renaissance Technologies LLC lifted its position in 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 acquiring an additional 1,153,783 shares in the last quarter. Hollencrest Capital Management increased its holdings in Americas Silver by 34.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company's stock worth $372,000 after purchasing an additional 311,648 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Americas Silver in the 3rd quarter valued at about $26,000. 13.38% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $0.80 price target on shares of Americas Silver in a research note on Thursday, October 10th.
Check Out Our Latest Research Report on Americas Silver
Americas Silver Price Performance
USAS stock traded down $0.01 during midday trading on Friday, reaching $0.37. The company's stock had a trading volume of 583,504 shares, compared to its average volume of 1,086,718. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. Americas Silver has a 52 week low of $0.20 and a 52 week high of $0.54. The stock has a market cap of $106.76 million, a PE ratio of -2.06 and a beta of 1.18.
Americas Silver (NYSEAMERICAN:USAS - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $21.02 million during the quarter. Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. As a group, analysts forecast that Americas Silver will post -0.14 EPS for the current year.
About Americas Silver
(
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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