Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Short Interest Update

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 10,150,000 shares, an increase of 46.9% from the November 15th total of 6,910,000 shares. Based on an average daily trading volume, of 3,780,000 shares, the short-interest ratio is currently 2.7 days.

Silvercorp Metals Stock Performance

NYSEAMERICAN SVM traded down $0.09 during trading hours on Friday, hitting $3.05. 2,488,615 shares of the company traded hands, compared to its average volume of 2,300,702. The stock has a market capitalization of $663.56 million, a PE ratio of 10.17 and a beta of 1.20. Silvercorp Metals has a twelve month low of $2.22 and a twelve month high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The firm had revenue of $68.00 million for the quarter, compared to analyst estimates of $67.90 million. As a group, research analysts forecast that Silvercorp Metals will post 0.34 EPS for the current year.

Silvercorp Metals Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.0125 dividend. This represents a yield of 0.6%. The ex-dividend date was Friday, November 29th. Silvercorp Metals's dividend payout ratio (DPR) is presently 10.00%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a "buy" rating on the stock in a research note on Wednesday, August 21st.

Hedge Funds Weigh In On Silvercorp Metals

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of Silvercorp Metals by 563.7% during the third quarter. Blue Trust Inc. now owns 6,624 shares of the company's stock worth $29,000 after purchasing an additional 5,626 shares during the period. Capital Performance Advisors LLP bought a new position in Silvercorp Metals during the 3rd quarter worth $32,000. First Heartland Consultants Inc. acquired a new stake in shares of Silvercorp Metals during the second quarter worth $34,000. Zacks Investment Management acquired a new stake in shares of Silvercorp Metals during the third quarter worth $46,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Silvercorp Metals in the third quarter valued at about $46,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.