Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Short Interest Down 24.6% in March

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 3,410,000 shares, a decline of 24.6% from the March 15th total of 4,520,000 shares. Based on an average trading volume of 1,690,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.0% of the company's stock are short sold.

Silvercorp Metals Price Performance

Shares of SVM stock traded down $0.30 during mid-day trading on Friday, hitting $3.50. The company's stock had a trading volume of 9,405,186 shares, compared to its average volume of 1,815,887. Silvercorp Metals has a 52-week low of $2.08 and a 52-week high of $4.20. The stock has a market capitalization of $619.70 million, a P/E ratio of 20.56 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. The firm had revenue of $58.51 million during the quarter, compared to analysts' expectations of $55.10 million. As a group, analysts anticipate that Silvercorp Metals will post 0.19 earnings per share for the current year.

Institutional Trading of Silvercorp Metals

A number of hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its position in Silvercorp Metals by 6.6% during the fourth quarter. Legal & General Group Plc now owns 121,248 shares of the company's stock valued at $317,000 after acquiring an additional 7,500 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Silvercorp Metals during the fourth quarter valued at about $426,000. Point72 Asset Management L.P. bought a new stake in Silvercorp Metals during the fourth quarter valued at about $47,000. Creative Planning grew its holdings in Silvercorp Metals by 42.1% during the fourth quarter. Creative Planning now owns 28,869 shares of the company's stock valued at $76,000 after purchasing an additional 8,555 shares during the period. Finally, Sprott Inc. grew its holdings in Silvercorp Metals by 4.7% during the fourth quarter. Sprott Inc. now owns 994,445 shares of the company's stock valued at $2,595,000 after purchasing an additional 44,754 shares during the period. Hedge funds and other institutional investors own 22.30% of the company's stock.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.