Americas Silver Corp (NYSEAMERICAN:USAS – Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 611,600 shares, a decline of 35.0% from the February 13th total of 941,600 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 862,000 shares, the days-to-cover ratio is currently 0.7 days.
Wall Street Analyst Weigh In
Separately, Cormark upgraded shares of Americas Silver to a “moderate buy” rating in a research report on Thursday, January 23rd.
Read Our Latest Stock Analysis on Americas Silver
Hedge Funds Weigh In On Americas Silver
Americas Silver Stock Up 4.3 %
NYSEAMERICAN:USAS traded up $0.02 during mid-day trading on Monday, reaching $0.55. The company’s stock had a trading volume of 1,086,477 shares, compared to its average volume of 1,088,765. The firm has a market cap of $137.03 million, a PE ratio of -3.07 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. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.60.
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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