Sinda Ltd. (NYSE:SIND) Stock Short Interest Report for September

Sinda Ltd. (NYSE:SIND) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 194,918 shares, a growth of 174.8% from the September 15th total of 70,943 shares. Based on an average trading volume of 132,389 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.1% of the company’s stock are sold short.

Sinda Stock Performance

Shares of Sinda stock traded down $0.23 during midday trading on Monday, reaching $13.79. 46,983 shares of the company’s stock traded hands, compared to its average volume of 134,847. Sinda has a 52 week low of $10.03 and a 52 week high of $18.95. The firm has a 50 day moving average of $15.29. The stock has a market capitalization of $2.19 billion and a P/E ratio of -106.04.

Sinda (NYSE:SIND) last posted its earnings results on Friday, August 14th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). As a group, research analysts expect that Sinda will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group set a $19.00 target price on Sinda in a research note on Tuesday, July 21st. Wall Street Zen lowered Sinda from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings initiated coverage on Sinda in a research note on Monday, September 21st. They set a “sell (d)” rating for the company. BMO Capital Markets lifted their price target on Sinda from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Finally, Scotiabank raised Sinda to a “strong-buy” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.83.

Institutional Trading of Sinda

An institutional investor recently bought a new position in Sinda stock. Bornite Capital Management LP acquired a new stake in Sinda Ltd. (NYSE:SIND) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda makes up 0.3% of Bornite Capital Management LP’s portfolio, making the stock its 20th largest holding. Bornite Capital Management LP owned 0.13% of Sinda at the end of the most recent reporting period.

Sinda Company Profile

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.