Short Interest in Silvercorp Metals Inc (SVM) Decreases By 18.9%
Silvercorp Metals Inc (NYSEAMERICAN:SVM) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 170,224 shares, a decline of 18.9% from the November 30th total of 209,811 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 229,660 shares, the days-to-cover ratio is currently 0.7 days.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Silvercorp Metals by 17.6% during the 3rd quarter. Van ECK Associates Corp now owns 12,345,833 shares of the company’s stock worth $33,458,000 after purchasing an additional 1,848,842 shares in the last quarter. Global X MANAGEMENT CO LLC increased its position in Silvercorp Metals by 8.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,072,512 shares of the company’s stock worth $5,596,000 after purchasing an additional 156,888 shares in the last quarter. AXA acquired a new stake in Silvercorp Metals during the 2nd quarter worth approximately $4,839,000. AJO LP acquired a new stake in Silvercorp Metals during the 2nd quarter worth approximately $3,652,000. Finally, Royal Bank of Canada acquired a new stake in Silvercorp Metals during the 2nd quarter worth approximately $3,192,000.
Several research analysts recently weighed in on SVM shares. Zacks Investment Research downgraded shares of Silvercorp Metals from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. ValuEngine raised shares of Silvercorp Metals from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th.
Silvercorp Metals (NYSEAMERICAN SVM) opened at $2.73 on Thursday. Silvercorp Metals has a one year low of $2.10 and a one year high of $4.50. The company has a market cap of $453.78, a PE ratio of -4.48 and a beta of 1.24.
The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 28th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, November 27th. Silvercorp Metals’s dividend payout ratio is currently -3.28%.
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About Silvercorp Metals
Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.
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