Pan American Silver Corp. (NYSE:PAAS) Short Interest Update

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,260,000 shares, a decline of 19.7% from the January 15th total of 7,800,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the short-interest ratio is currently 2.0 days.

Pan American Silver Stock Down 1.6 %

Shares of NYSE PAAS traded down $0.39 during midday trading on Wednesday, reaching $24.29. 1,774,963 shares of the company's stock traded hands, compared to its average volume of 2,885,133. The company has a market cap of $8.82 billion, a price-to-earnings ratio of -142.43 and a beta of 1.28. The stock's 50 day simple moving average is $22.24 and its 200-day simple moving average is $21.86. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver has a one year low of $12.19 and a one year high of $26.05.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the 4th quarter worth $27,000. Eastern Bank bought a new position in Pan American Silver in the third quarter worth about $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver in the 4th quarter worth approximately $32,000. Institutional investors own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PAAS. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.92.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.