Short Interest in SilverCrest Metals Inc. (NYSEAMERICAN:SILV) Declines By 34.3%

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,970,000 shares, a decline of 34.3% from the January 15th total of 3,000,000 shares. Based on an average trading volume of 1,990,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.4% of the shares of the stock are sold short.

SilverCrest Metals Stock Performance

NYSEAMERICAN SILV opened at $11.55 on Friday. SilverCrest Metals has a 1-year low of $4.83 and a 1-year high of $11.98. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 14.81 and a beta of 1.22.

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.