Americas Silver Corp (NYSEAMERICAN:USAS) Sees Significant Increase in Short Interest

Americas Silver Corp (NYSEAMERICAN:USAS - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,370,000 shares, an increase of 265.2% from the March 31st total of 649,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the company's shares are sold short.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on USAS. Cormark upgraded shares of Americas Silver to a "moderate buy" rating in a report on Thursday, January 23rd. HC Wainwright boosted their price objective on shares of Americas Silver from $0.90 to $1.00 and gave the company a "buy" rating in a research report on Friday, March 28th.

Institutional Trading of Americas Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alpha Cubed Investments LLC bought a new stake in Americas Silver during the fourth quarter worth $274,000. Sprott Inc. bought a new stake in shares of Americas Silver in the 4th quarter valued at about $2,099,000. U S Global Investors Inc. acquired a new stake in Americas Silver in the 4th quarter valued at about $382,000. HighTower Advisors LLC bought a new position in Americas Silver during the fourth quarter worth about $47,000. Finally, Hollencrest Capital Management raised its stake in Americas Silver by 46.8% in the fourth quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company's stock valued at $672,000 after buying an additional 569,941 shares during the period. Institutional investors own 13.38% of the company's stock.

Americas Silver Stock Down 1.9 %

Shares of NYSEAMERICAN:USAS traded down $0.01 during mid-day trading on Friday, reaching $0.60. 897,351 shares of the stock were exchanged, compared to its average volume of 1,055,827. Americas Silver has a one year low of $0.21 and a one year high of $0.65. The company has a market cap of $149.64 million, a PE ratio of -3.36 and a beta of 1.20. 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 Company Profile

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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