Americas Silver Corp (NYSEAMERICAN:USAS) Sees Significant Growth in Short Interest

Americas Silver Corp (NYSEAMERICAN:USAS - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,640,000 shares, an increase of 42.7% from the April 30th total of 2,550,000 shares. Based on an average trading volume of 1,300,000 shares, the short-interest ratio is currently 2.8 days. Approximately 1.5% of the company's stock are sold short.

Analyst Ratings Changes

Separately, HC Wainwright raised their target price on shares of Americas Silver from $0.90 to $1.00 and gave the company a "buy" rating in a research report on Friday, March 28th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Merk Investments LLC boosted its stake in Americas Silver by 2,486.3% during the first quarter. Merk Investments LLC now owns 71,151,028 shares of the company's stock valued at $38,062,000 after buying an additional 68,400,000 shares in the last quarter. NewGen Asset Management Ltd boosted its stake in Americas Silver by 447.7% during the first quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock valued at $16,664,000 after buying an additional 25,837,788 shares in the last quarter. Sprott Inc. bought a new position in Americas Silver during the fourth quarter valued at about $2,099,000. Intact Investment Management Inc. bought a new position in Americas Silver during the first quarter valued at about $2,819,000. Finally, Mackenzie Financial Corp bought a new position in Americas Silver during the first quarter valued at about $1,677,000. 13.38% of the stock is currently owned by institutional investors.

Americas Silver Stock Performance

Shares of NYSEAMERICAN:USAS traded up $0.03 during trading on Thursday, reaching $0.84. 3,395,216 shares of the stock were exchanged, compared to its average volume of 1,121,623. The company has a 50-day moving average price of $0.59. The firm has a market capitalization of $208.61 million, a price-to-earnings ratio of -4.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. Americas Silver has a 12-month low of $0.21 and a 12-month high of $0.86.

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.