Fortuna Silver Mines Inc. (NYSE:FSM) Short Interest Update

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 12,980,000 shares, a decrease of 6.1% from the December 15th total of 13,820,000 shares. Based on an average trading volume of 8,130,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 4.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fortuna Silver Mines

A number of large investors have recently modified their holdings of FSM. The Manufacturers Life Insurance Company raised its holdings in shares of Fortuna Silver Mines by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 253,984 shares of the basic materials company’s stock worth $1,240,000 after buying an additional 3,392 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Fortuna Silver Mines by 19.6% in the third quarter. Toronto Dominion Bank now owns 31,983 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 5,240 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Fortuna Silver Mines by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company’s stock valued at $660,000 after purchasing an additional 5,858 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at approximately $29,000. Finally, SG Americas Securities LLC increased its position in Fortuna Silver Mines by 61.8% during the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 8,484 shares in the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Price Performance

Shares of NYSE FSM traded down $0.05 during trading hours on Friday, hitting $4.25. 7,883,078 shares of the stock were exchanged, compared to its average volume of 7,591,706. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The company has a market cap of $1.31 billion, a PE ratio of 53.17 and a beta of 1.55. The company’s fifty day simple moving average is $4.61 and its two-hundred day simple moving average is $4.72. Fortuna Silver Mines has a 1-year low of $2.63 and a 1-year high of $6.36.

Wall Street Analyst Weigh In

Separately, Scotiabank decreased their price target on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday.

About Fortuna Silver Mines

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire.