Short Interest in Americas Silver Corp (NYSEAMERICAN:USAS) Decreases By 35.0%

Americas Silver Corp (NYSEAMERICAN:USAS - Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 611,600 shares, a drop of 35.0% from the February 13th total of 941,600 shares. Currently, 0.2% of the company's stock are sold short. Based on an average trading volume of 862,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Americas Silver

A number of institutional investors and hedge funds have recently bought and sold shares of USAS. NewGen Asset Management Ltd purchased a new stake in Americas Silver in the fourth quarter valued at approximately $2,206,000. Sprott Inc. purchased a new stake in Americas Silver in the fourth quarter valued at approximately $2,099,000. The Manufacturers Life Insurance Company purchased a new position in shares of Americas Silver during the third quarter worth approximately $631,000. U S Global Investors Inc. purchased a new position in shares of Americas Silver during the fourth quarter worth approximately $382,000. Finally, Alpha Cubed Investments LLC purchased a new position in shares of Americas Silver during the fourth quarter worth approximately $274,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Cormark upgraded shares of Americas Silver to a "moderate buy" rating in a report on Thursday, January 23rd. HC Wainwright cut their target price on shares of Americas Silver from $1.00 to $0.90 and set a "buy" rating for the company in a research report on Tuesday.

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Americas Silver Price Performance

Shares of USAS stock traded up $0.01 during trading hours on Wednesday, reaching $0.56. The stock had a trading volume of 839,719 shares, compared to its average volume of 1,092,755. The firm has a market capitalization of $139.73 million, a P/E ratio of -3.13 and a beta of 1.20. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Americas Silver has a 12 month low of $0.20 and a 12 month high of $0.60.

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.