SilverCrest Metals Inc. (SILV) Short Interest Up 123.0% in December

SilverCrest Metals Inc. (NASDAQ:SILV) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 105,899 shares, an increase of 123.0% from the December 14th total of 47,488 shares. Based on an average trading volume of 82,443 shares, the days-to-cover ratio is currently 1.3 days.

Hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC acquired a new position in SilverCrest Metals during the third quarter worth about $37,000. Ingalls & Snyder LLC bought a new stake in shares of SilverCrest Metals during the third quarter worth about $146,000. Oppenheimer & Close LLC bought a new stake in shares of SilverCrest Metals during the third quarter worth about $501,000. U S Global Investors Inc bought a new stake in shares of SilverCrest Metals during the third quarter worth about $2,542,000. Finally, AGF Investments Inc. bought a new stake in shares of SilverCrest Metals during the third quarter worth about $4,281,000.

Shares of NASDAQ SILV opened at $3.16 on Friday. SilverCrest Metals has a 12 month low of $1.41 and a 12 month high of $3.36.

SilverCrest Metals (NASDAQ:SILV) last issued its earnings results on Wednesday, November 14th. The company reported ($0.02) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02).

Several research analysts have commented on the company. National Bank Financial reissued an “outperform market weight” rating on shares of SilverCrest Metals in a research note on Sunday, September 16th. Zacks Investment Research downgraded SilverCrest Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st.

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SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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