Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Short Interest Up 34.1% in January

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 21,393,150 shares, a growth of 34.1% from the December 31st total of 15,956,668 shares. Based on an average daily volume of 5,165,708 shares, the days-to-cover ratio is currently 4.1 days. Currently, 10.1% of the shares of the stock are short sold. Currently, 10.1% of the shares of the stock are short sold. Based on an average daily volume of 5,165,708 shares, the days-to-cover ratio is currently 4.1 days.

Institutional Trading of Silvercorp Metals

Several hedge funds and other institutional investors have recently modified their holdings of SVM. Royal Bank of Canada increased its position in Silvercorp Metals by 31.6% in the 1st quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock worth $1,720,000 after purchasing an additional 106,813 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Silvercorp Metals in the first quarter valued at approximately $97,000. Goldman Sachs Group Inc. increased its stake in shares of Silvercorp Metals by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock worth $3,273,000 after purchasing an additional 28,803 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Silvercorp Metals by 91.4% during the 1st quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock valued at $396,000 after purchasing an additional 48,854 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Silvercorp Metals by 3.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company’s stock valued at $329,000 after purchasing an additional 2,581 shares during the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SVM has been the subject of a number of research reports. Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, January 16th. Finally, Roth Mkm set a $11.50 target price on Silvercorp Metals in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Silvercorp Metals Stock Down 16.8%

NYSEAMERICAN:SVM traded down $2.03 on Friday, hitting $10.07. 14,491,960 shares of the company’s stock traded hands, compared to its average volume of 6,853,259. The company has a market cap of $2.22 billion, a PE ratio of 83.92 and a beta of 0.97. Silvercorp Metals has a 1 year low of $3.04 and a 1 year high of $14.00. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $9.24 and a 200-day moving average price of $6.89.

Silvercorp Metals Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.0125 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 32.0%. Silvercorp Metals’s dividend payout ratio is presently 8.33%.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low?cost, high?grade silver projects, producing concentrates that are sold to smelting partners under long?term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub?district mines, and the GC and HPG silver?lead?zinc projects in Guangxi Province.