Short Interest in Pan American Silver Corp. (NYSE:PAAS) Decreases By 19.1%

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 6,720,000 shares, a decrease of 19.1% from the December 31st total of 8,310,000 shares. Based on an average trading volume of 3,330,000 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and a consensus target price of $25.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver during the fourth quarter worth approximately $27,000. Eastern Bank acquired a new stake in shares of Pan American Silver in the 3rd quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver during the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Pan American Silver during the 3rd quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver in the fourth quarter valued at about $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

PAAS traded up $0.70 on Monday, hitting $23.91. 3,306,195 shares of the company's stock were exchanged, compared to its average volume of 2,802,961. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of -140.55 and a beta of 1.28. The firm has a 50-day moving average price of $21.66 and a 200-day moving average price of $21.66. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.67%. Pan American Silver's dividend payout ratio is presently -235.28%.

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.