Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Up 265.2% in April

Americas Silver Corp (NYSEAMERICAN:USAS - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,370,000 shares, a growth of 265.2% from the March 31st total of 649,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is currently 2.0 days. Approximately 1.0% of the company's shares are short sold.

Americas Silver Price Performance

USAS stock traded down $0.00 during trading on Friday, reaching $0.58. The company had a trading volume of 1,443,488 shares, compared to its average volume of 1,062,492. 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 52 week low of $0.21 and a 52 week high of $0.65. The business's 50 day moving average price is $0.52. The stock has a market cap of $143.52 million, a P/E ratio of -3.22 and a beta of 1.20.

Institutional Trading of Americas Silver

A number of hedge funds and other institutional investors have recently modified their holdings of USAS. Alpha Cubed Investments LLC purchased a new stake in shares of Americas Silver in the 4th quarter worth approximately $274,000. Sprott Inc. bought a new stake in Americas Silver in the fourth quarter worth $2,099,000. U S Global Investors Inc. purchased a new stake in shares of Americas Silver in the fourth quarter worth $382,000. HighTower Advisors LLC bought a new position in shares of Americas Silver during the fourth quarter valued at $47,000. Finally, Hollencrest Capital Management raised its position in shares of Americas Silver by 46.8% in the 4th quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company's stock worth $672,000 after purchasing an additional 569,941 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on USAS shares. HC Wainwright increased their price objective on Americas Silver from $0.90 to $1.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Cormark raised Americas Silver to a "moderate buy" rating in a research note on Thursday, January 23rd.

About Americas Silver

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.