Short Interest in Americas Silver Corp (NYSEAMERICAN:USAS) Increases By 265.2%

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

Hedge Funds Weigh In On Americas Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its stake in shares of Americas Silver by 1,587.0% during the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock worth $848,000 after buying an additional 1,513,968 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in Americas Silver in the 1st quarter worth about $2,819,000. NewGen Asset Management Ltd raised its position in shares of Americas Silver by 447.7% in the 1st 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. Cetera Investment Advisers raised its position in shares of Americas Silver by 4.8% in the 4th quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock valued at $167,000 after buying an additional 19,696 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Americas Silver by 273,321.1% in the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock valued at $78,000 after buying an additional 207,724 shares in the last quarter. 13.38% of the stock is owned by institutional investors.

Americas Silver Stock Performance

NYSEAMERICAN USAS traded down $0.03 during trading on Wednesday, hitting $0.61. The stock had a trading volume of 1,763,158 shares, compared to its average volume of 1,060,267. Americas Silver has a 12 month low of $0.21 and a 12 month high of $0.65. The firm has a market cap of $151.57 million, a P/E ratio of -3.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28. The company has a 50-day moving average price of $0.52.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. HC Wainwright boosted their target price on Americas Silver from $0.90 to $1.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Cormark upgraded Americas Silver to a "moderate buy" rating in a research report 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.