Silvercorp Metals Inc (SVM) Short Interest Update
Silvercorp Metals Inc (NYSEAMERICAN:SVM) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 160,572 shares, an increase of 52.5% from the April 15th total of 105,261 shares. Based on an average daily trading volume, of 273,624 shares, the days-to-cover ratio is currently 0.6 days.
Separately, Zacks Investment Research upgraded Silvercorp Metals from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Friday, March 22nd.
SVM traded up $0.01 on Tuesday, hitting $2.17. The company had a trading volume of 176,731 shares, compared to its average volume of 318,186. Silvercorp Metals has a 1-year low of $1.83 and a 1-year high of $3.12.
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About Silvercorp Metals
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
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