Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Update

Americas Silver Corp (NYSEAMERICAN:USAS) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 291,700 shares, a decline of 23.0% from the December 31st total of 378,600 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Cormark raised Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd. HC Wainwright reaffirmed a “buy” rating and set a $0.80 price target on shares of Americas Silver in a research note on Thursday, October 10th.

Americas Silver Trading Down 0.5 %

USAS stock traded down $0.00 during mid-day trading on Friday, hitting $0.51. 443,264 shares of the stock were exchanged, compared to its average volume of 642,481. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. Americas Silver has a 12 month low of $0.20 and a 12 month high of $0.54. The firm has a market cap of $125.86 million, a P/E ratio of -2.82 and a beta of 1.17.

Americas Silver (NYSEAMERICAN:USAS) last released its earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. The company had revenue of $21.02 million during the quarter. Equities analysts anticipate that Americas Silver will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Americas Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in Americas Silver during the 3rd quarter valued at approximately $631,000. Alpha Cubed Investments LLC purchased a new position in shares of Americas Silver during the 4th quarter worth approximately $274,000. Renaissance Technologies LLC grew its holdings in shares of Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after acquiring an additional 1,153,783 shares during the period. XTX Topco Ltd purchased a new position in shares of Americas Silver during the 3rd quarter worth approximately $26,000. Finally, Hollencrest Capital Management grew its holdings in shares of Americas Silver by 34.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock worth $372,000 after acquiring an additional 311,648 shares during the period. Institutional investors own 13.38% of the company’s stock.

Americas Silver Company Profile

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.