Sprott Inc. (NYSE:SII) Short Interest Update

Sprott Inc. (NYSE:SII - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 149,000 shares, an increase of 23.1% from the October 15th total of 121,000 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 106,400 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SII. Murchinson Ltd. bought a new position in shares of Sprott during the 1st quarter worth $18,480,000. CWA Asset Management Group LLC bought a new position in Sprott during the third quarter worth about $9,843,000. Global Alpha Capital Management Ltd. boosted its position in Sprott by 47.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company's stock worth $25,453,000 after purchasing an additional 187,993 shares during the period. Lloyd Harbor Capital Management LLC purchased a new position in shares of Sprott in the second quarter worth about $6,002,000. Finally, Clean Energy Transition LLP bought a new stake in shares of Sprott in the second quarter valued at approximately $3,821,000. 28.30% of the stock is owned by institutional investors.

Sprott Stock Performance

Shares of NYSE SII traded up $0.09 during mid-day trading on Friday, reaching $41.99. 104,809 shares of the company's stock were exchanged, compared to its average volume of 110,517. The firm has a 50-day moving average price of $43.78 and a two-hundred day moving average price of $43.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.07 and a beta of 1.09. Sprott has a 52 week low of $29.50 and a 52 week high of $48.00.

Sprott Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be given a $0.30 dividend. This is a positive change from Sprott's previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 2.86%. Sprott's payout ratio is currently 54.95%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.