Americas Silver Corp (NYSEAMERICAN:USAS) Sees Large Drop in Short Interest

Americas Silver Corp (NYSEAMERICAN:USAS - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 2,440,000 shares, a drop of 60.1% from the March 15th total of 6,120,000 shares. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is currently 2.0 days.

Americas Silver Stock Performance

Shares of NYSEAMERICAN:USAS remained flat at $0.29 during mid-day trading on Thursday. 1,296,854 shares of the company were exchanged, compared to its average volume of 1,183,668. The stock has a market cap of $63.86 million, a PE ratio of -1.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.23. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.60.

Americas Silver (NYSEAMERICAN:USAS - Get Free Report) last announced its earnings results on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The firm had revenue of $25.00 million for the quarter. Americas Silver had a negative net margin of 39.21% and a negative return on equity of 38.79%. Research analysts forecast that Americas Silver will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their target price on shares of Americas Silver from $1.50 to $0.80 and set a "buy" rating on the stock in a research note on Wednesday, January 24th.

Hedge Funds Weigh In On Americas Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cibc World Market Inc. lifted its position in shares of Americas Silver by 180.2% during the 1st quarter. Cibc World Market Inc. now owns 43,243 shares of the company's stock worth $47,000 after purchasing an additional 27,809 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Americas Silver during the 1st quarter worth about $121,000. Goldman Sachs Group Inc. lifted its holdings in Americas Silver by 183.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,300 shares of the company's stock worth $58,000 after buying an additional 34,484 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Americas Silver during the 2nd quarter worth about $56,000. Finally, Cetera Investment Advisers purchased a new position in shares of Americas Silver in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

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.

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