Short Interest in Great Panther Silver Ltd (GPL) Expands By 2.4%

Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,181,947 shares, an increase of 2.4% from the January 12th total of 1,153,798 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 593,744 shares, the short-interest ratio is currently 2.0 days.

Shares of Great Panther Silver (NYSEAMERICAN GPL) opened at $1.14 on Friday. Great Panther Silver has a 52 week low of $1.06 and a 52 week high of $2.28. The firm has a market capitalization of $192.78, a price-to-earnings ratio of 114.00 and a beta of 0.36.

A number of analysts have weighed in on GPL shares. Zacks Investment Research upgraded Great Panther Silver from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. HC Wainwright set a $2.00 price target on Great Panther Silver and gave the company a “buy” rating in a research note on Tuesday, October 31st. Noble Financial restated a “hold” rating on shares of Great Panther Silver in a research note on Tuesday, October 31st. Finally, Roth Capital set a $2.00 price target on Great Panther Silver and gave the company a “buy” rating in a research note on Sunday, October 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $2.13.

A number of institutional investors have recently bought and sold shares of the business. Financial & Investment Management Group Ltd. raised its stake in Great Panther Silver by 387.5% in the fourth quarter. Financial & Investment Management Group Ltd. now owns 4,275,365 shares of the basic materials company’s stock valued at $5,515,000 after buying an additional 3,398,394 shares in the last quarter. Global X Management Co. LLC raised its stake in Great Panther Silver by 5.1% in the fourth quarter. Global X Management Co. LLC now owns 2,223,635 shares of the basic materials company’s stock valued at $2,893,000 after buying an additional 108,617 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Great Panther Silver by 189.7% during the fourth quarter. Virtu Financial LLC now owns 232,979 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 152,550 shares in the last quarter.

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About Great Panther Silver

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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