Sierra Metals Inc (NYSEAMERICAN:SMTS) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 33,100 shares, a growth of 37.9% from the September 30th total of 24,000 shares. Based on an average daily volume of 16,300 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the shares of the company are sold short.
A hedge fund recently raised its stake in Sierra Metals stock. ETF Managers Group LLC increased its position in Sierra Metals Inc (NYSEAMERICAN:SMTS) by 25.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 501,245 shares of the company’s stock after acquiring an additional 102,699 shares during the period. ETF Managers Group LLC owned approximately 0.31% of Sierra Metals worth $624,000 as of its most recent SEC filing.
SMTS opened at $1.35 on Thursday. Sierra Metals has a 1-year low of $1.01 and a 1-year high of $2.55.
Several equities analysts have issued reports on the company. Zacks Investment Research cut Sierra Metals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Noble Financial reiterated a “buy” rating and set a $4.00 target price on shares of Sierra Metals in a research report on Sunday, August 18th.
About Sierra Metals
Sierra Metals Inc engages in the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company holds 81.84% interest in the polymetallic Yauricocha Mine located in the Yauyos province in Peru.
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