Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 14,060,000 shares, a decline of 8.9% from the August 15th total of 15,430,000 shares. Based on an average daily trading volume, of 4,980,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 4.9% of the company’s shares are sold short.
Institutional Investors Weigh In On Fortuna Silver Mines
Hedge funds and other institutional investors have recently bought and sold shares of the business. Aire Advisors LLC purchased a new stake in Fortuna Silver Mines during the 2nd quarter worth approximately $28,000. Northern Trust Corp bought a new stake in shares of Fortuna Silver Mines in the 2nd quarter valued at approximately $28,000. Citigroup Inc. bought a new stake in shares of Fortuna Silver Mines in the 1st quarter valued at approximately $38,000. QCM Cayman Ltd. bought a new position in Fortuna Silver Mines during the 1st quarter worth $44,000. Finally, XR Securities LLC bought a new position in Fortuna Silver Mines during the 1st quarter worth $46,000. 27.92% of the stock is currently owned by hedge funds and other institutional investors.
Fortuna Silver Mines Stock Performance
Fortuna Silver Mines stock opened at $2.35 on Thursday. The stock’s 50 day moving average price is $2.56 and its 200 day moving average price is $3.20. The firm has a market capitalization of $684.93 million, a PE ratio of 15.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 2.26. Fortuna Silver Mines has a one year low of $2.17 and a one year high of $5.52.
Wall Street Analyst Weigh In
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.
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