Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Sees Large Increase in Short Interest

Key Points

• Short interest surged: Short interest rose 16.0% in April to 25,890,826 shares, representing 12.2% of shares sold short and a short‑interest ratio of 7.9 days.
• Institutions piling in: Several funds materially increased stakes (Arrowstreet +238.3%, Tidal +24.2%, MIRAE +38.4%, VanEck +29.6%) and Baillie Gifford opened a new ~$35.25M position, with institutional ownership at 22.3%.
• Analyst and price context: The stock carries an average rating of "Moderate Buy" (4 Buys, 2 Holds) with an average target of $10, while SVM opened at about $11.99 and has a market cap of ~$2.65B and a negative P/E.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 25,890,826 shares, an increase of 16.0% from the March 31st total of 22,320,580 shares. Currently, 12.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,262,808 shares, the short-interest ratio is currently 7.9 days.

Institutional Trading of Silvercorp Metals

Several hedge funds have recently modified their holdings of the stock. Tidal Investments LLC grew its stake in shares of Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company's stock valued at $69,306,000 after purchasing an additional 2,138,301 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Silvercorp Metals by 238.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company's stock valued at $77,244,000 after acquiring an additional 6,511,389 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Silvercorp Metals by 38.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company's stock valued at $57,665,000 after acquiring an additional 2,534,155 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Silvercorp Metals by 29.6% during the fourth quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company's stock worth $57,097,000 after purchasing an additional 1,562,525 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new position in shares of Silvercorp Metals during the fourth quarter worth $35,248,000. 22.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SVM shares. Roth Mkm reaffirmed a "neutral" rating and set a $12.50 price objective on shares of Silvercorp Metals in a report on Monday, April 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Silvercorp Metals in a report on Friday, January 16th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $10.00.

Silvercorp Metals Price Performance

SVM opened at $11.99 on Friday. Silvercorp Metals has a one year low of $3.48 and a one year high of $14.00. The company's 50 day simple moving average is $11.60 and its 200-day simple moving average is $9.64. The stock has a market capitalization of $2.65 billion, a P/E ratio of -171.26 and a beta of 1.09.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company's core operations are located in the provinces of Henan and Guangxi in the People's Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company's principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.

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