What Next for Silvercrest Metals Inchares (NYSEAMERICAN:SILV) Stock After Decrease in Shorted Shares?

The stock of Silvercrest Metals Inchares (NYSEAMERICAN:SILV) registered a decrease of 37.55% in short interest. SILV’s total short interest was 71,500 shares in May as published by FINRA. Its down 37.55% from 114,500 shares, reported previously. With 74,200 shares average volume, it will take short sellers 1 days to cover their SILV’s short positions. The short interest to Silvercrest Metals Inchares’s float is 0.12%.

The stock increased 4.55% or $0.1397 during the last trading session, reaching $3.2097. About 25,139 shares traded. SilverCrest Metals Inc. (NYSEAMERICAN:SILV) has risen 87.22% since May 8, 2018 and is uptrending. It has outperformed by 82.85% the S&P500.

SilverCrest Metals Inc. engages in the acquisition, exploration, and development of precious metal properties. The company has market cap of $274.74 million. It primarily explores for silver and gold properties. It currently has negative earnings. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

More notable recent SilverCrest Metals Inc. (NYSEAMERICAN:SILV) news were published by: Businesswire.com which released: “Americas Silver Corporation Provides First Quarter Production and Cost Update – Business Wire” on April 29, 2019, also Finance.Yahoo.com with their article: “Sandstorm Gold Royalties Announces 2019 First Quarter Results – Yahoo Finance” published on May 07, 2019, Streetinsider.com published: “Form 8-K Comstock Mining Inc. For: May 06 – StreetInsider.com” on May 06, 2019. More interesting news about SilverCrest Metals Inc. (NYSEAMERICAN:SILV) were released by: Globenewswire.com and their article: “Paramount Gold Reports Continued Progress With Oregon State Regulators in the Permitting of Grassy Mountain – GlobeNewswire” published on May 06, 2019 as well as Globenewswire.com‘s news article titled: “Alio Gold Reports First Quarter 2019 Results Toronto Stock Exchange:ALO – GlobeNewswire” with publication date: May 08, 2019.

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