Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) Shares Shorted: Short Interest Down 47.9% in October

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 108,271 shares, a drop of 47.9% from the September 30th total of 207,657 shares. Based on an average daily volume of 82,551 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SBMT. Roth Capital reaffirmed a “buy” rating and set a $15.00 target price on shares of Silver Bow Mining in a research note on Thursday, October 1st. Zacks Research raised shares of Silver Bow Mining to a “hold” rating in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.40.

Silver Bow Mining Price Performance

NYSEAMERICAN SBMT traded down $0.42 during trading hours on Monday, hitting $5.55. 224,404 shares of the company were exchanged, compared to its average volume of 114,221. The company’s 50 day simple moving average is $7.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 26.95 and a quick ratio of 26.95. Silver Bow Mining has a 52-week low of $5.46 and a 52-week high of $11.23.

Silver Bow Mining (NYSEAMERICAN:SBMT) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.18) earnings per share (EPS) for the quarter. Analysts forecast that Silver Bow Mining will post -0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Silver Bow Mining stock. Ninepoint Partners LP purchased a new position in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,014,000. Ninepoint Partners LP owned approximately 0.51% of Silver Bow Mining as of its most recent SEC filing.

About Silver Bow Mining

We were incorporated under the name Blackjack Silver Corp. pursuant to the Business Corporations Act (Ontario) on August 31, 2020. We changed our name to Silver Bow Mining Corp. pursuant to a certificate of amendment effective February 18, 2025. On May 27, 2025, we continued into British Columbia under the provisions of the BCBCA. We are domiciled in British Columbia, Canada and maintain a head office in Butte, Montana. We are a minerals exploration company focused on silver, zinc, gold, lead, and copper targets in Montana.