Short Interest in Sprott Inc. (NYSE:SII) Drops By 22.9%

Sprott Inc. (NYSE:SII) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 94,500 shares, a decrease of 22.9% from the December 15th total of 122,500 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 101,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Sprott

Several large investors have recently modified their holdings of SII. Toronto Dominion Bank raised its position in shares of Sprott by 64.2% during the 2nd quarter. Toronto Dominion Bank now owns 693 shares of the company’s stock worth $29,000 after purchasing an additional 271 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Sprott in the second quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in shares of Sprott in the third quarter worth $32,000. Quantbot Technologies LP purchased a new stake in shares of Sprott in the third quarter valued at $78,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Sprott during the third quarter valued at $82,000. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Price Performance

Shares of NYSE:SII traded up $0.90 during midday trading on Wednesday, hitting $41.55. 82,186 shares of the stock were exchanged, compared to its average volume of 71,953. Sprott has a twelve month low of $34.19 and a twelve month high of $48.00. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $42.99 and a 200-day moving average price of $43.06. The stock has a market cap of $1.07 billion, a P/E ratio of 22.83 and a beta of 1.08.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.89%. This is a boost from Sprott’s previous quarterly dividend of $0.25. Sprott’s payout ratio is presently 65.93%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.