Americas Silver Co. , no par value (NASDAQ:USAS) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 130,591 shares, a decline of 20.7% from the October 13th total of 164,693 shares. Based on an average daily volume of 57,817 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.3% of the company’s shares are short sold.

Americas Silver Co. , no par value (NASDAQ:USAS) opened at $3.76 on Tuesday. Americas Silver Co. , no par value has a twelve month low of $2.02 and a twelve month high of $5.04.

Several institutional investors have recently made changes to their positions in USAS. ETF Managers Group LLC bought a new position in shares of Americas Silver Co. , no par value during the second quarter valued at approximately $1,743,000. Global X Management Co. LLC bought a new position in shares of Americas Silver Co. , no par value during the second quarter valued at approximately $1,303,000. Hillsdale Investment Management Inc. raised its holdings in shares of Americas Silver Co. , no par value by 268.2% during the third quarter. Hillsdale Investment Management Inc. now owns 301,900 shares of the company’s stock valued at $1,244,000 after acquiring an additional 219,900 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in shares of Americas Silver Co. , no par value by 16.0% during the second quarter. WealthTrust Axiom LLC now owns 452,758 shares of the company’s stock valued at $1,285,000 after acquiring an additional 62,418 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in shares of Americas Silver Co. , no par value by 8.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 491,279 shares of the company’s stock valued at $2,019,000 after acquiring an additional 37,685 shares in the last quarter.

Several brokerages have weighed in on USAS. HC Wainwright reiterated a “buy” rating and issued a $5.00 price objective on shares of Americas Silver Co. , no par value in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Americas Silver Co. , no par value from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Thursday, October 19th.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/14/americas-silver-co-no-par-value-usas-sees-significant-drop-in-short-interest.html.

Receive News & Ratings for Americas Silver Co. no par value Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americas Silver Co. no par value and related companies with MarketBeat.com's FREE daily email newsletter.