Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Short Interest Up 20.3% in December

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 15,956,668 shares, a growth of 20.3% from the December 15th total of 13,266,222 shares. Based on an average daily trading volume, of 6,080,691 shares, the short-interest ratio is presently 2.6 days. Approximately 7.6% of the company’s shares are short sold. Approximately 7.6% of the company’s shares are short sold. Based on an average daily trading volume, of 6,080,691 shares, the short-interest ratio is presently 2.6 days.

Analyst Ratings Changes

SVM has been the subject of several recent research reports. Cantor Fitzgerald set a $7.50 price objective on shares of Silvercorp Metals and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research report on Friday. Cormark raised shares of Silvercorp Metals to a “moderate buy” rating in a research report on Thursday, September 25th. Finally, Roth Capital upped their target price on shares of Silvercorp Metals to $9.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.25.

Silvercorp Metals Stock Up 10.9%

SVM stock traded up $1.11 during midday trading on Monday, hitting $11.31. 9,732,961 shares of the company’s stock were exchanged, compared to its average volume of 4,867,695. The firm has a 50 day moving average price of $8.15 and a 200-day moving average price of $6.39. Silvercorp Metals has a 12-month low of $2.93 and a 12-month high of $11.32. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 94.26 and a beta of 0.97. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13.

Silvercorp Metals Announces Dividend

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

Institutional Investors Weigh In On Silvercorp Metals

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Silvercorp Metals by 163.4% during the third quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after purchasing an additional 3,929 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Silvercorp Metals by 419.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company’s stock valued at $31,000 after buying an additional 5,839 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Silvercorp Metals during the 3rd quarter worth approximately $57,000. SeaCrest Wealth Management LLC bought a new position in Silvercorp Metals during the 3rd quarter worth approximately $67,000. Finally, Brady Martz Wealth Solutions LLC acquired a new position in shares of Silvercorp Metals in the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 22.30% of the company’s stock.

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.