Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Update

Americas Silver Corp (NYSEAMERICAN:USAS) 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.

Hedge Funds Weigh In On Americas Silver

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of Americas Silver during the 3rd quarter valued at approximately $26,000. HighTower Advisors LLC acquired a new stake in shares of Americas Silver in the 4th quarter worth $47,000. American Century Companies Inc. acquired a new stake in shares of Americas Silver in the 4th quarter worth $73,000. Bank of America Corp DE increased its position in shares of Americas Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after purchasing an additional 207,724 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Americas Silver during the 4th quarter worth about $94,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.