Great Panther Silver Ltd (GPL) Sees Significant Drop in Short Interest
Great Panther Silver Ltd (NYSE:GPL) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 2,688,254 shares, a decrease of 5.6% from the September 15th total of 2,846,959 shares. Based on an average daily trading volume, of 961,497 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.7% of the company’s stock are sold short.
Shares of Great Panther Silver (NYSE:GPL) opened at 1.22 on Wednesday. The firm’s market cap is $202.92 million. Great Panther Silver has a 52 week low of $0.41 and a 52 week high of $2.25. The firm’s 50-day moving average price is $1.31 and its 200 day moving average price is $1.43.
Separately, Zacks Investment Research upgraded Great Panther Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th.
Great Panther Silver Company Profile
Great Panther Silver Limited (Great Panther) is a silver mining, and precious metals producer and exploration company. The Company holds interests in the Topia Mine and the Guanajuato Mine Complex (GMC). The Company’s segments include GMC, Topia, Exploration and Corporate. The Topia operations produce silver, gold, lead and zinc.
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