Short Interest in Great Panther Silver Ltd (GPL) Drops By 12.9%

Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) was the recipient of a significant drop in short interest during the month of December. As of December 29th, there was short interest totalling 1,550,141 shares, a drop of 12.9% from the December 15th total of 1,779,034 shares. Based on an average daily trading volume, of 934,218 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.0% of the shares of the company are short sold.

A number of equities analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and set a $2.25 price target on shares of Great Panther Silver in a report on Tuesday, December 19th. Zacks Investment Research lowered Great Panther Silver from a “hold” rating to a “strong sell” rating in a report on Monday, December 18th. Noble Financial reissued a “hold” rating on shares of Great Panther Silver in a report on Tuesday, October 31st. Finally, Roth Capital set a $2.00 price target 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 issued a buy rating to the company. Great Panther Silver has an average rating of “Hold” and an average target price of $2.13.

Shares of Great Panther Silver (GPL) opened at $1.43 on Friday. Great Panther Silver has a twelve month low of $1.06 and a twelve month high of $2.28. The firm has a market capitalization of $239.89, a P/E ratio of 143.00 and a beta of 0.37.

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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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