Sinda Ltd. (NYSE:SIND) Stock Short Interest Report for September

Sinda Ltd. (NYSE:SIND) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 194,918 shares, an increase of 174.8% from the September 15th total of 70,943 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 132,389 shares, the days-to-cover ratio is currently 1.5 days.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIND shares. Citigroup began coverage on Sinda in a research note on Tuesday, July 21st. They set a “buy” rating and a $18.00 price objective for the company. BMO Capital Markets upped their target price on Sinda from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. UBS Group set a $19.00 target price on Sinda in a research note on Tuesday, July 21st. Canaccord Genuity Group began coverage on Sinda in a report on Tuesday, August 18th. They issued a “speculative buy” rating and a $19.00 price target on the stock. Finally, Zacks Research upgraded Sinda to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.83.

Hedge Funds Weigh In On Sinda

A hedge fund recently bought a new stake in Sinda stock. Bornite Capital Management LP bought a new stake in shares of Sinda Ltd. (NYSE:SIND) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $2,400,000. Sinda accounts for about 0.3% of Bornite Capital Management LP’s holdings, making the stock its 20th largest holding. Bornite Capital Management LP owned 0.13% of Sinda as of its most recent SEC filing.

Sinda Trading Down 2.5%

SIND traded down $0.34 during trading on Wednesday, reaching $13.34. The stock had a trading volume of 40,317 shares, compared to its average volume of 132,188. The stock has a market capitalization of $2.12 billion and a PE ratio of -102.65. Sinda has a one year low of $10.03 and a one year high of $18.95. The firm’s 50-day moving average is $15.32.

Sinda (NYSE:SIND) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). On average, analysts forecast that Sinda will post -0.32 earnings per share for the current fiscal year.

Sinda Company Profile

We hold title to, or have exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery located in the historic Guanajuato epithermal silver belt of Mexico (the “Sinda Property” or the “Project”). The Sinda Property is a large primary silver asset that we believe has the potential to be a globally significant mining operation. The Sinda Property is located approximately 22 miles (35 kilometers) from the colonial city of San Miguel de Allende in the Mexican state of Guanajuato, approximately 180 miles (290 kilometers) northwest of Mexico City and 28 miles (45 kilometers) southeast of the Guanajuato Mining District, in close proximity to several of the world’s largest and historically most productive silver deposits and mines.