Great Panther Silver Ltd (GPL) Sees Significant Drop in Short Interest
Great Panther Silver Ltd (NYSE:GPL) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 2,688,254 shares, a decrease of 5.6% from the September 15th total of 2,846,959 shares. Based on an average daily trading volume, of 961,497 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.7% of the company’s stock are sold short.
Great Panther Silver (NYSE:GPL) opened at 1.22 on Wednesday. The firm’s market capitalization is $202.92 million. Great Panther Silver has a 52-week low of $0.41 and a 52-week high of $2.25. The firm’s 50-day moving average is $1.31 and its 200 day moving average is $1.43.
Separately, Zacks Investment Research downgraded shares of Great Panther Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th.
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About Great Panther Silver
Great Panther Silver Limited (Great Panther) is a silver mining, and precious metals producer and exploration company. The Company holds interests in the Topia Mine and the Guanajuato Mine Complex (GMC). The Company’s segments include GMC, Topia, Exploration and Corporate. The Topia operations produce silver, gold, lead and zinc.
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