Short Interest in SilverCrest Metals Inc. (NYSEAMERICAN:SILV) Declines By 45.9%

SilverCrest Metals Inc. (NYSEAMERICAN:SILV - 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 2,300,000 shares, a drop of 45.9% from the September 30th total of 4,250,000 shares. Currently, 1.6% of the company's shares are sold short. Based on an average trading volume of 2,090,000 shares, the short-interest ratio is presently 1.1 days.

SilverCrest Metals Stock Performance

SILV traded down $0.45 during trading on Friday, reaching $10.83. 2,041,157 shares of the company's stock were exchanged, compared to its average volume of 1,691,065. The firm has a market capitalization of $1.59 billion, a PE ratio of 13.88 and a beta of 1.22. SilverCrest Metals has a fifty-two week low of $4.79 and a fifty-two week high of $11.91.

SilverCrest Metals (NYSEAMERICAN:SILV - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.13). The company had revenue of $72.74 million for the quarter. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. Equities analysts forecast that SilverCrest Metals will post 0.54 EPS for the current year.

About SilverCrest Metals

SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.