Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) saw a large decrease in short interest in December. As of December 29th, there was short interest totalling 1,550,141 shares, a decrease of 12.9% from the December 15th total of 1,779,034 shares. Based on an average daily trading volume, of 934,218 shares, the short-interest ratio is presently 1.7 days. Currently, 1.0% of the company’s stock are sold short.
An institutional investor recently raised its position in Great Panther Silver stock. Financial & Investment Management Group Ltd. raised its position in shares of Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) by 387.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,275,365 shares of the basic materials company’s stock after buying an additional 3,398,394 shares during the period. Great Panther Silver comprises about 1.9% of Financial & Investment Management Group Ltd.’s holdings, making the stock its 16th largest holding. Financial & Investment Management Group Ltd. owned about 2.54% of Great Panther Silver worth $5,515,000 at the end of the most recent reporting period.
A number of analysts have recently commented on GPL shares. Zacks Investment Research upgraded Great Panther Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 12th. HC Wainwright reiterated a “buy” rating and set a $2.50 price target on shares of Great Panther Silver in a research report on Friday, October 13th. Roth Capital set a $2.00 price target on Great Panther Silver and gave the stock a “buy” rating in a research report on Sunday, October 15th. Finally, Noble Financial reiterated a “hold” rating on shares of Great Panther Silver in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $2.13.
Great Panther Silver (GPL) traded down $0.01 during trading hours on Wednesday, hitting $1.19. The company had a trading volume of 398,522 shares, compared to its average volume of 668,882. Great Panther Silver has a 12-month low of $1.06 and a 12-month high of $2.28. The firm has a market capitalization of $204.61, a PE ratio of 120.00 and a beta of 0.36.
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About Great Panther Silver
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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