Short Interest in Great Panther Silver Ltd (GPL) Increases By 2.4%
Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,181,947 shares, a growth of 2.4% from the January 12th total of 1,153,798 shares. Based on an average trading volume of 593,744 shares, the short-interest ratio is currently 2.0 days. Approximately 0.7% of the company’s stock are short sold.
A number of large investors have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in Great Panther Silver by 5.1% during the fourth quarter. Global X Management Co. LLC now owns 2,223,635 shares of the basic materials company’s stock worth $2,893,000 after acquiring an additional 108,617 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Great Panther Silver by 189.7% in the fourth quarter. Virtu Financial LLC now owns 232,979 shares of the basic materials company’s stock worth $300,000 after buying an additional 152,550 shares in the last quarter. Finally, Financial & Investment Management Group Ltd. lifted its stake in shares of Great Panther Silver by 387.5% in the fourth quarter. Financial & Investment Management Group Ltd. now owns 4,275,365 shares of the basic materials company’s stock worth $5,515,000 after buying an additional 3,398,394 shares in the last quarter.
Several equities research analysts recently commented on the stock. HC Wainwright reissued a “buy” rating and set a $2.25 price objective on shares of Great Panther Silver in a research note on Tuesday, December 19th. Zacks Investment Research lowered shares of Great Panther Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, December 18th. Finally, Noble Financial reissued a “hold” rating on shares of Great Panther Silver in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $2.13.
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Great Panther Silver Company Profile
Great Panther Silver Ltd (Great Panther) is a Canada-based silver mining and precious metals producer and exploration company. The Company owns two producing mining operations: the Topia Mine and the Guanajuato Mine Complex (GMC). Its segments include GMC, Topia, Exploration and Corporate. The GMC operations produce silver and gold.
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