Sprott Inc. (NYSE:SII) Sees Significant Decrease in Short Interest

Sprott Inc. (NYSE:SII - Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 121,000 shares, a drop of 16.8% from the September 30th total of 145,500 shares. Based on an average trading volume of 110,000 shares, the short-interest ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of Sprott

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Murchinson Ltd. acquired a new position in shares of Sprott in the 1st quarter valued at about $18,480,000. Lloyd Harbor Capital Management LLC acquired a new position in shares of Sprott in the 2nd quarter valued at about $6,002,000. Clean Energy Transition LLP acquired a new position in shares of Sprott in the 2nd quarter valued at about $3,821,000. AGF Management Ltd. acquired a new position in shares of Sprott in the 2nd quarter valued at about $2,078,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Sprott in the 1st quarter valued at about $1,814,000. Hedge funds and other institutional investors own 28.30% of the company's stock.

Sprott Price Performance

Shares of SII traded up $0.38 during trading hours on Monday, reaching $46.07. 47,528 shares of the company traded hands, compared to its average volume of 108,548. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.19 billion, a PE ratio of 28.56 and a beta of 1.10. Sprott has a fifty-two week low of $28.46 and a fifty-two week high of $48.00. The stock has a fifty day simple moving average of $42.88 and a 200 day simple moving average of $42.71.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter. The business had revenue of $47.99 million for the quarter. Sprott had a return on equity of 13.50% and a net margin of 26.46%.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.17%. The ex-dividend date was Monday, August 19th. Sprott's dividend payout ratio (DPR) is 62.50%.

About Sprott

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.