Fortuna Silver Mines Inc. (NYSE:FSM) Short Interest Update

Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 12,980,000 shares, a decline of 6.1% from the December 31st total of 13,820,000 shares. Based on an average trading volume of 8,130,000 shares, the short-interest ratio is presently 1.6 days. Currently, 4.2% of the company's shares are sold short.

Fortuna Silver Mines Trading Up 1.6 %

Shares of FSM stock traded up $0.09 on Wednesday, hitting $5.30. The stock had a trading volume of 15,698,915 shares, compared to its average volume of 12,425,777. The firm has a market cap of $1.63 billion, a P/E ratio of 66.20 and a beta of 1.55. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $4.68. Fortuna Silver Mines has a twelve month low of $2.63 and a twelve month high of $6.36.

Analysts Set New Price Targets

Separately, Scotiabank cut their price target on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 15th.

Institutional Trading of Fortuna Silver Mines

Hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Fortuna Silver Mines during the third quarter worth $1,347,000. Van ECK Associates Corp boosted its position in Fortuna Silver Mines by 2.6% during the third quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company's stock valued at $141,511,000 after purchasing an additional 788,703 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Fortuna Silver Mines by 616.1% in the third quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock valued at $1,231,000 after buying an additional 218,100 shares in the last quarter. Barclays PLC acquired a new position in shares of Fortuna Silver Mines during the 3rd quarter worth about $2,227,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Fortuna Silver Mines in the third quarter valued at approximately $1,765,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.