Americas Silver Corp (NYSEAMERICAN:USAS) Sees Large Decline in Short Interest

Americas Silver Corp (NYSEAMERICAN:USAS) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,090,000 shares, a decline of 14.3% from the March 31st total of 2,440,000 shares. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is currently 1.5 days.

Americas Silver Trading Down 3.4 %

NYSEAMERICAN USAS opened at $0.27 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $67.35 million, a price-to-earnings ratio of -1.68 and a beta of 1.35. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.56.

Americas Silver (NYSEAMERICAN:USAS) last posted its earnings results on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Americas Silver had a negative return on equity of 38.79% and a negative net margin of 39.21%. The business had revenue of $25.00 million for the quarter. As a group, analysts anticipate that Americas Silver will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of USAS. Rathbones Group PLC acquired a new stake in Americas Silver in the 3rd quarter valued at approximately $42,000. WealthTrust Axiom LLC increased its position in Americas Silver by 2.7% during the third quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock worth $651,000 after acquiring an additional 48,009 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Americas Silver by 2.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock worth $1,846,000 after acquiring an additional 117,214 shares during the period. Lynwood Capital Management Inc. raised its stake in Americas Silver by 22.5% during the 3rd quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company’s stock valued at $3,624,000 after purchasing an additional 1,863,500 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Americas Silver by 8.5% in the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock valued at $2,840,000 after purchasing an additional 880,213 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price target on shares of Americas Silver from $1.50 to $0.80 and set a “buy” rating for the company in a research report on Wednesday, January 24th.

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.