Americas Silver Corp (NYSEAMERICAN:USAS) Short Interest Down 14.3% in April

Americas Silver Corp (NYSEAMERICAN:USAS) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 2,090,000 shares, a drop of 14.3% from the March 31st total of 2,440,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 1.5 days.

Americas Silver Stock Performance

NYSEAMERICAN USAS opened at $0.28 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.23. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.56. The firm has a market capitalization of $69.71 million, a price-to-earnings ratio of -1.74 and a beta of 1.35.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Americas Silver had a negative net margin of 39.21% and a negative return on equity of 38.79%. The company had revenue of $25.00 million during the quarter. As a group, analysts predict that Americas Silver will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of USAS. Rathbones Group PLC acquired a new position in shares of Americas Silver in the 3rd quarter valued at $42,000. WealthTrust Axiom LLC boosted its holdings in shares of Americas Silver by 2.7% in the 3rd quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock valued at $651,000 after purchasing an additional 48,009 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Americas Silver by 2.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock valued at $1,846,000 after purchasing an additional 117,214 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Americas Silver by 8.5% in the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock valued at $2,840,000 after purchasing an additional 880,213 shares during the last quarter. Finally, Lynwood Capital Management Inc. boosted its holdings in shares of Americas Silver by 22.5% in the 3rd quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company’s stock valued at $3,624,000 after purchasing an additional 1,863,500 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright lowered their target price on Americas Silver from $1.50 to $0.80 and set a “buy” rating on the stock in a report on Wednesday, January 24th.

Americas Silver Company Profile

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.