Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Down 23.0% in January

Americas Silver Corp (NYSEAMERICAN:USAS) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 291,700 shares, a drop of 23.0% from the December 31st total of 378,600 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 0.3 days.

Americas Silver Stock Performance

Americas Silver stock opened at $0.51 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $126.53 million, a price-to-earnings ratio of -2.84 and a beta of 1.17. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Americas Silver had a negative return on equity of 67.24% and a negative net margin of 44.76%. The business had revenue of $21.02 million during the quarter. Equities research analysts forecast that Americas Silver will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on USAS. HC Wainwright restated a “buy” rating and issued a $0.80 target price on shares of Americas Silver in a research note on Thursday, October 10th. Cormark raised Americas Silver to a “moderate buy” rating in a report on Thursday, January 23rd.

Hedge Funds Weigh In On Americas Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Americas Silver during the 3rd quarter valued at $26,000. Hollencrest Capital Management grew its holdings in shares of Americas Silver by 34.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after acquiring an additional 311,648 shares in the last quarter. Alpha Cubed Investments LLC purchased a new position in shares of Americas Silver during the 4th quarter valued at $274,000. Renaissance Technologies LLC grew its holdings in shares of Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after acquiring an additional 1,153,783 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Americas Silver during the 3rd quarter valued at $631,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.