Liberty Silver Corp. (OTCMKTS:BHLL) Sees Large Decline in Short Interest

Liberty Silver Corp. (OTCMKTS:BHLL) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 31,405 shares, a drop of 36.0% from the June 15th total of 49,083 shares. Based on an average daily trading volume, of 97,094 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Liberty Silver Trading Up 2.1%

OTCMKTS BHLL opened at $3.13 on Friday. The stock has a market capitalization of $145.53 million, a price-to-earnings ratio of -2.45 and a beta of 1.21. The business’s 50 day moving average is $3.87 and its two-hundred day moving average is $4.70. Liberty Silver has a 12-month low of $2.80 and a 12-month high of $8.75.

Liberty Silver (OTCMKTS:BHLL) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.06. Equities analysts forecast that Liberty Silver will post -0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Liberty Silver to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Liberty Silver Company Profile

Liberty Silver Corp. is a mineral exploration company focused on the acquisition, exploration and development of silver and associated base metal properties. The company’s core business activity centers on identifying high-potential silver and cobalt projects in the Americas and advancing those properties through systematic drilling, resource definition and permitting efforts. Liberty Silver seeks to leverage emerging market demand for silver in renewable energy and industrial applications.

The company holds interests in several early to advanced-stage exploration projects.