Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Down 14.3% in April

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

Analyst Upgrades and Downgrades

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

Americas Silver Stock Performance

NYSEAMERICAN USAS opened at $0.28 on Monday. The company has a market capitalization of $69.71 million, a PE ratio of -1.74 and a beta of 1.35. Americas Silver has a 1-year low of $0.20 and a 1-year high of $0.56. The company has a current ratio of 0.38, a quick ratio of 0.23 and a debt-to-equity ratio of 0.18.

Americas Silver (NYSEAMERICAN:USAS) last posted its earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share (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, sell-side analysts forecast that Americas Silver will post -0.07 EPS for the current year.

Institutional Trading of Americas Silver

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its position 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 acquiring an additional 880,213 shares during the period. Rathbones Group PLC purchased a new stake in shares of Americas Silver during the 3rd quarter worth approximately $42,000. WealthTrust Axiom LLC boosted its stake in shares of Americas Silver by 2.7% during the 3rd 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 in the last quarter. Lynwood Capital Management Inc. boosted its stake in shares of Americas Silver by 22.5% during the 3rd quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company’s stock worth $3,624,000 after acquiring an additional 1,863,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Americas Silver by 2.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock valued at $1,846,000 after buying an additional 117,214 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.