Short Interest Worth Mentioning: What’s Next for SILVERCORP METALS ORD (OTCMKTS:SVMLF) After Having More Shares Shorted?

November 17, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Worth Mentioning: What's Next for SILVERCORP METALS ORD (OTCMKTS:SVMLF) After Having More Shares Shorted?

The stock of SILVERCORP METALS ORD (OTCMKTS:SVMLF) registered an increase of 19.73% in short interest. SVMLF’s total short interest was 365,300 shares in November as published by FINRA. Its up 19.73% from 305,100 shares, reported previously. With 697,000 shares average volume, it will take short sellers 1 days to cover their SVMLF’s short positions. The stock decreased 6.06% or $0.16 on November 16, hitting $2.48. About 144,710 shares traded hands. Silvercorp Metals Inc (OTCMKTS:SVMLF) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.

Silvercorp Metals Inc. is a silver-producing Canadian mining company. The company has a market cap of $1.66 billion. The Firm is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. It currently has negative earnings. The Company’s divisions include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.

Another recent and important Silvercorp Metals Inc (OTCMKTS:SVMLF) news was published by Prnewswire.com which published an article titled: “Silvercorp Metals Inc. – Correction on May 26, 2016 Press Release” on June 27, 2016.

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By Ellis Scott


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