Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Update

Americas Silver Corp (NYSEAMERICAN:USAS) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 611,600 shares, a decline of 35.0% from the February 13th total of 941,600 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 862,000 shares, the days-to-cover ratio is presently 0.7 days.

Americas Silver Stock Performance

Shares of USAS traded up $0.02 during trading hours on Monday, hitting $0.55. The stock had a trading volume of 1,086,477 shares, compared to its average volume of 1,088,765. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28. The company has a market cap of $137.03 million, a PE ratio of -3.07 and a beta of 1.20. Americas Silver has a 1-year low of $0.20 and a 1-year high of $0.60.

Institutional Investors Weigh In On Americas Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of USAS. Cetera Investment Advisers grew its position in Americas Silver by 4.8% in the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock worth $167,000 after acquiring an additional 19,696 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Americas Silver by 273,321.1% in the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after acquiring an additional 207,724 shares in the last quarter. Merk Investments LLC increased its stake in shares of Americas Silver by 1.9% in the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company’s stock worth $1,050,000 after acquiring an additional 50,000 shares in the last quarter. NewGen Asset Management Ltd bought a new stake in Americas Silver during the 4th quarter valued at about $2,206,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Americas Silver by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company’s stock valued at $457,000 after acquiring an additional 202,600 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Cormark upgraded Americas Silver to a “moderate buy” rating in a report on Thursday, January 23rd.

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.