Short Interest in Pan American Silver Corp. (NYSE:PAAS) Decreases By 29.2%

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 7,470,000 shares, a decrease of 29.2% from the November 15th total of 10,550,000 shares. Based on an average daily volume of 3,660,000 shares, the days-to-cover ratio is currently 2.0 days.

Pan American Silver Price Performance

NYSE:PAAS traded down $0.48 during trading hours on Friday, reaching $22.20. 2,643,159 shares of the company were exchanged, compared to its average volume of 4,013,465. The stock's 50-day moving average is $22.77 and its 200-day moving average is $21.59. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05. The firm has a market cap of $8.06 billion, a PE ratio of -130.58 and a beta of 1.28. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. Pan American Silver's payout ratio is -235.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PAAS. Eastern Bank purchased a new position in Pan American Silver during the third quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the third quarter worth $32,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Pan American Silver by 943.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock worth $33,000 after buying an additional 1,500 shares during the period. CWM LLC raised its holdings in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock valued at $42,000 after buying an additional 510 shares during the period. Finally, US Bancorp DE grew its position in Pan American Silver by 13.4% in the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock valued at $117,000 after acquiring an additional 660 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PAAS shares. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Jefferies Financial Group lifted their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada increased their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average price target of $25.42.

About Pan American Silver

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.

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