SilverCrest Metals Inc. (NYSEAMERICAN:SILV) Sees Significant Decrease in Short Interest

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,970,000 shares, a decrease of 34.3% from the January 15th total of 3,000,000 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.4% of the shares of the stock are sold short.

SilverCrest Metals Stock Performance

Shares of SILV stock remained flat at $11.55 during trading hours on Friday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 14.81 and a beta of 1.22. SilverCrest Metals has a 52 week low of $4.83 and a 52 week high of $11.98.

About SilverCrest Metals

SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.