Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Short Interest Up 46.9% in November

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 10,150,000 shares, a growth of 46.9% from the November 15th total of 6,910,000 shares. Based on an average daily volume of 3,780,000 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a report on Wednesday, August 21st.

Silvercorp Metals Trading Down 2.9 %

Shares of SVM traded down $0.09 during mid-day trading on Friday, reaching $3.05. The company had a trading volume of 2,243,095 shares, compared to its average volume of 2,298,919. The stock has a market cap of $663.56 million, a PE ratio of 11.35 and a beta of 1.20. Silvercorp Metals has a twelve month low of $2.22 and a twelve month high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $68.00 million for the quarter, compared to the consensus estimate of $67.90 million. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. On average, sell-side analysts forecast that Silvercorp Metals will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.0125 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals’s dividend payout ratio is 10.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. DGS Capital Management LLC boosted its position in shares of Silvercorp Metals by 123.2% in the 3rd quarter. DGS Capital Management LLC now owns 38,980 shares of the company’s stock worth $170,000 after purchasing an additional 21,514 shares during the last quarter. Franklin Resources Inc. bought a new position in Silvercorp Metals during the third quarter worth about $860,000. Tidal Investments LLC grew its stake in Silvercorp Metals by 2.1% in the third quarter. Tidal Investments LLC now owns 6,412,871 shares of the company’s stock valued at $28,024,000 after acquiring an additional 133,231 shares during the period. Virtu Financial LLC increased its holdings in shares of Silvercorp Metals by 21.1% in the third quarter. Virtu Financial LLC now owns 54,233 shares of the company’s stock worth $237,000 after acquiring an additional 9,465 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Silvercorp Metals by 2,712.3% during the third quarter. Barclays PLC now owns 44,997 shares of the company’s stock worth $197,000 after purchasing an additional 43,397 shares during the period. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.