Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Up 649.0% in November

Americas Silver Corp (NYSEAMERICAN:USAS) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 2,110,000 shares, an increase of 649.0% from the October 31st total of 281,700 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Americas Silver

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Americas Silver during the third quarter valued at $26,000. The Manufacturers Life Insurance Company acquired a new position in Americas Silver during the third quarter valued at $631,000. Hollencrest Capital Management raised its position in Americas Silver by 34.4% during the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after buying an additional 311,648 shares during the period. Renaissance Technologies LLC raised its position in Americas Silver by 2,806.1% during the second quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after buying an additional 1,153,783 shares during the period. Finally, Tidal Investments LLC acquired a new position in Americas Silver during the first quarter valued at $1,495,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $0.80 price target on shares of Americas Silver in a report on Thursday, October 10th.

Americas Silver Trading Up 1.1 %

USAS stock traded up $0.00 during trading on Wednesday, reaching $0.37. 861,923 shares of the company’s stock were exchanged, compared to its average volume of 1,123,440. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. The firm has a market capitalization of $106.15 million, a PE ratio of -2.01 and a beta of 1.20. Americas Silver has a 1-year low of $0.20 and a 1-year high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $21.02 million during the quarter. Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. As a group, research analysts expect that Americas Silver will post -0.14 EPS for the current year.

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.