Great Panther Silver Ltd (GPL) Sees Significant Decline in Short Interest

Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,779,034 shares, a decline of 3.2% from the November 30th total of 1,837,117 shares. Based on an average daily trading volume, of 692,657 shares, the short-interest ratio is currently 2.6 days. Approximately 1.1% of the company’s shares are sold short.

Great Panther Silver (GPL) opened at $1.33 on Thursday. The company has a market capitalization of $220.95, a PE ratio of 133.00 and a beta of 0.39. Great Panther Silver has a twelve month low of $1.06 and a twelve month high of $2.28.

Several research analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $2.25 price objective on shares of Great Panther Silver in a report on Tuesday, December 19th. Zacks Investment Research downgraded Great Panther Silver from a “hold” rating to a “strong sell” rating in a report on Monday, December 18th. Noble Financial reiterated a “hold” rating on shares of Great Panther Silver in a report on Tuesday, October 31st. Finally, Roth Capital set a $2.00 price objective on Great Panther Silver and gave the stock a “buy” rating in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $2.13.

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Great Panther Silver Company Profile

Great Panther Silver Ltd (Great Panther) is a Canada-based silver mining and precious metals producer and exploration company. The Company owns two producing mining operations: the Topia Mine and the Guanajuato Mine Complex (GMC). Its segments include GMC, Topia, Exploration and Corporate. The GMC operations produce silver and gold.

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