Sinda Ltd. (NYSE:SIND) Short Interest Update

Sinda Ltd. (NYSE:SIND) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 53,082 shares, a decrease of 97.5% from the June 30th total of 2,105,990 shares. Based on an average daily volume of 88,121 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

SIND has been the subject of a number of analyst reports. Scotiabank initiated coverage on Sinda in a research note on Tuesday, July 21st. They issued a “sector outperform” rating and a $19.00 price target for the company. UBS Group set a $19.00 price objective on shares of Sinda in a research report on Tuesday, July 21st. BMO Capital Markets initiated coverage on shares of Sinda in a research note on Tuesday, July 21st. They set an “outperform” rating and a $16.00 price objective on the stock. Wall Street Zen lowered shares of Sinda from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Royal Bank Of Canada initiated coverage on shares of Sinda in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $19.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $18.20.

Sinda Stock Down 3.2%

Shares of SIND stock traded down $0.47 during trading hours on Friday, reaching $13.94. The company’s stock had a trading volume of 283,986 shares, compared to its average volume of 124,973. Sinda has a fifty-two week low of $10.80 and a fifty-two week high of $15.00.

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.