Great Panther Silver Ltd (NYSE:GPL) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 1,917,246 shares, a growth of 56.7% from the June 30th total of 1,223,562 shares. Based on an average daily trading volume, of 4,455,005 shares, the short-interest ratio is presently 0.4 days. Approximately 1.4% of the shares of the stock are sold short.
Separately, Zacks Investment Research upgraded Great Panther Silver from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Wednesday, July 20th.
Shares of Great Panther Silver (NYSE:GPL) traded up 2.38% during midday trading on Tuesday, reaching $1.29. The company’s stock had a trading volume of 1,051,423 shares. Great Panther Silver has a 12-month low of $0.33 and a 12-month high of $2.25. The firm’s market capitalization is $185.33 million. The stock has a 50-day moving average of $1.55 and a 200 day moving average of $1.17.
Great Panther Silver Limited (Great Panther) is a silver mining, and precious metals producer and exploration company. The Company holds interests in the Topia Mine and the Guanajuato Mine Complex (GMC). The Company’s segments include GMC, Topia, Exploration and Corporate. The Topia operations produce silver, gold, lead and zinc.
