Sinda Ltd. (NYSE:SIND) Short Interest Update

Sinda Ltd. (NYSE:SIND) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,105,990 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 324,975 shares, the days-to-cover ratio is presently 6.5 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Sinda to a “hold” rating in a research note on Saturday, July 4th.

Sinda Stock Performance

Shares of NYSE:SIND traded down $0.10 during trading on Wednesday, hitting $12.49. 40,946 shares of the company were exchanged, compared to its average volume of 136,387. Sinda has a 52-week low of $10.80 and a 52-week high of $12.99.

About Sinda

We hold title to, or have exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery located in the historic Guanajuato epithermal silver belt of Mexico (the “Sinda Property” or the “Project”). The Sinda Property is a large primary silver asset that we believe has the potential to be a globally significant mining operation. The Sinda Property is located approximately 22 miles (35 kilometers) from the colonial city of San Miguel de Allende in the Mexican state of Guanajuato, approximately 180 miles (290 kilometers) northwest of Mexico City and 28 miles (45 kilometers) southeast of the Guanajuato Mining District, in close proximity to several of the world’s largest and historically most productive silver deposits and mines.