Short Interest in Americas Silver Corp (NYSEAMERICAN:USAS) Declines By 76.5%

Americas Silver Corp (NYSEAMERICAN:USAS) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 281,700 shares, a decrease of 76.5% from the October 15th total of 1,200,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $0.80 price objective on shares of Americas Silver in a report on Thursday, October 10th.

Americas Silver Stock Down 3.4 %

NYSEAMERICAN USAS traded down $0.01 on Wednesday, hitting $0.39. 785,004 shares of the company were exchanged, compared to its average volume of 1,119,140. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. The company has a market cap of $106.56 million, a price-to-earnings ratio of -2.14 and a beta of 1.20. Americas Silver has a 1-year low of $0.20 and a 1-year high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. The company had revenue of $21.02 million during the quarter. On average, research analysts expect that Americas Silver will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Americas Silver

Hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in shares of Americas Silver during the first quarter valued at about $1,495,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Americas Silver in the first quarter valued at approximately $1,083,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Americas Silver in the third quarter worth about $631,000. Renaissance Technologies LLC grew its stake in shares of Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after purchasing an additional 1,153,783 shares during the period. Finally, Hollencrest Capital Management grew its stake in Americas Silver by 34.4% in the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after acquiring an additional 311,648 shares during the period. 13.38% of the stock is owned by institutional investors.

About Americas Silver

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.