Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 696,438 shares, a growth of 69.3% from the August 15th total of 411,430 shares. Based on an average daily trading volume, of 382,636 shares, the short-interest ratio is presently 1.8 days.
GPL has been the subject of several recent analyst reports. Noble Financial set a $2.00 target price on shares of Great Panther Silver and gave the stock a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Great Panther Silver from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. HC Wainwright set a $2.00 price objective on shares of Great Panther Silver and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, TheStreet downgraded shares of Great Panther Silver from a “c” rating to a “d+” rating in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1.81.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of Great Panther Silver by 3.0% during the 2nd quarter. Van ECK Associates Corp now owns 13,759,937 shares of the basic materials company’s stock valued at $16,099,000 after purchasing an additional 396,014 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Great Panther Silver by 14.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,881,495 shares of the basic materials company’s stock valued at $2,201,000 after purchasing an additional 232,000 shares during the last quarter. Finally, Global X Management Co LLC boosted its holdings in shares of Great Panther Silver by 6.0% during the 2nd quarter. Global X Management Co LLC now owns 2,509,867 shares of the basic materials company’s stock valued at $2,919,000 after purchasing an additional 142,840 shares during the last quarter.
Shares of GPL traded up $0.02 during midday trading on Wednesday, hitting $0.85. 326,347 shares of the company traded hands, compared to its average volume of 436,551. Great Panther Silver has a 52 week low of $0.78 and a 52 week high of $1.45.
Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last released its quarterly earnings data on Wednesday, August 1st. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Great Panther Silver had a negative net margin of 3.65% and a negative return on equity of 3.23%. The company had revenue of $17.08 million for the quarter, compared to the consensus estimate of $16.01 million.
About Great Panther Silver
Great Panther Silver Limited operates as a silver mining, and precious metals producer and exploration company. The company also explores for gold, copper, lead, and zinc ores. Its exploration properties include the El Horcón, Santa Rosa, and Plomo projects in Mexico; and the Argosy project in Canada.
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