Today, Pan American Silver Corp. (PAAS) Short Interest Up 91.1% in November

Today, Pan American Silver Corp. (PAAS) Short Interest Up 91.1% in November

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAA) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,379,055 shares, a growth of 91.1% from the October 31st total of 721,694 shares. Based on an average daily trading volume, of 3,721,567 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the shares of the stock are sold short.

A number of large investors have recently modified their holdings of the stock. WFG Advisors LP acquired a new stake in shares of Pan American Silver Corp. during the second quarter worth about $109,000. Tower Research Capital LLC TRC boosted its stake in shares of Pan American Silver Corp. by 2,202.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,576 shares of the company’s stock worth $125,000 after buying an additional 7,247 shares during the last quarter. Creative Planning boosted its stake in shares of Pan American Silver Corp. by 275.2% in the second quarter. Creative Planning now owns 9,381 shares of the company’s stock worth $154,000 after buying an additional 6,881 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pan American Silver Corp. by 22.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,900 shares of the company’s stock worth $162,000 after buying an additional 1,804 shares during the last quarter. Finally, World Asset Management Inc acquired a new stake in shares of Pan American Silver Corp. during the third quarter worth about $180,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Corp. (NASDAQ:PAAS) opened at 16.89 on Tuesday. The stock has a 50 day moving average price of $16.22 and a 200-day moving average price of $17.06. Pan American Silver Corp. has a 52 week low of $5.38 and a 52 week high of $21.59. The company’s market capitalization is $2.57 billion.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Friday, November 25th will be issued a dividend of $0.0125 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.30%. Pan American Silver Corp.’s payout ratio is -13.51%.

A number of brokerages recently issued reports on PAAS. FBR & Co set a $21.00 price target on Pan American Silver Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. TD Securities reissued a “hold” rating and set a $23.00 price target (up previously from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday, August 16th. BMO Capital Markets cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research note on Tuesday, August 23rd. Deutsche Bank AG upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.50 to $20.00 in a research note on Monday, October 3rd. Finally, Bank of America Corp. upgraded Pan American Silver Corp. from an “underperform” rating to a “buy” rating in a research note on Tuesday, November 22nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $19.63.

Pan American Silver Corp. Company Profile

Related posts

Leave a Comment