Americas Silver Corp (NYSEAMERICAN:USAS) Sees Significant Drop in Short Interest

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

Americas Silver Trading Down 0.5 %

USAS stock traded down $0.00 during trading on Friday, hitting $0.51. The stock had a trading volume of 443,264 shares, compared to its average volume of 642,481. The company has a market capitalization of $125.86 million, a price-to-earnings ratio of -2.82 and a beta of 1.17. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Americas Silver has a 1-year low of $0.20 and a 1-year high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share (EPS) 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 firm had revenue of $21.02 million for the quarter. Research analysts forecast that Americas Silver will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

USAS has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and issued a $0.80 target price on shares of Americas Silver in a research note on Thursday, October 10th. 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

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in Americas Silver in the third quarter worth about $26,000. Alpha Cubed Investments LLC bought a new stake in shares of Americas Silver during the fourth quarter valued at about $274,000. Renaissance Technologies LLC lifted its stake in shares of Americas Silver by 2,806.1% in 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. Hollencrest Capital Management boosted its stake in Americas Silver by 34.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after purchasing an additional 311,648 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Americas Silver during the third quarter worth about $631,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.