Short Interest in Americas Silver Corp (NYSEAMERICAN:USAS) Drops By 34.0%

Americas Silver Corp (NYSEAMERICAN:USAS) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,030,000 shares, a drop of 34.0% from the September 15th total of 1,560,000 shares. Based on an average daily volume of 800,400 shares, the short-interest ratio is currently 1.3 days.

Americas Silver Stock Performance

Shares of USAS traded up $0.02 during mid-day trading on Friday, reaching $0.40. 2,239,189 shares of the company’s stock traded hands, compared to its average volume of 1,142,690. Americas Silver has a 12 month low of $0.20 and a 12 month high of $0.43. The stock has a market cap of $108.49 million, a price-to-earnings ratio of -2.38 and a beta of 1.29.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $31.63 million during the quarter. Americas Silver had a negative net margin of 40.60% and a negative return on equity of 53.06%. As a group, analysts predict that Americas Silver will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $0.80 price objective on shares of Americas Silver in a research report on Thursday.

Hedge Funds Weigh In On Americas Silver

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in shares of Americas Silver by 2,806.1% during the second quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after buying an additional 1,153,783 shares during the last quarter. Tidal Investments LLC acquired a new stake in Americas Silver in the first quarter valued at approximately $1,495,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Americas Silver in the first quarter valued at approximately $1,083,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Americas Silver Company Profile

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.