Gatos Silver, Inc. (NYSE:GATO – Get Rating) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 2,850,000 shares, an increase of 28.4% from the July 15th total of 2,220,000 shares. Based on an average daily trading volume, of 827,700 shares, the days-to-cover ratio is presently 3.4 days. Currently, 6.1% of the company’s stock are sold short.
Institutional Investors Weigh In On Gatos Silver
A number of hedge funds have recently bought and sold shares of the business. FMR LLC raised its position in shares of Gatos Silver by 31.9% in the 2nd quarter. FMR LLC now owns 8,702,556 shares of the company’s stock valued at $24,976,000 after purchasing an additional 2,105,025 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Gatos Silver by 90.7% in the second quarter. Mackenzie Financial Corp now owns 873,000 shares of the company’s stock valued at $2,537,000 after acquiring an additional 415,257 shares in the last quarter. Van ECK Associates Corp raised its holdings in Gatos Silver by 18.8% in the second quarter. Van ECK Associates Corp now owns 1,851,967 shares of the company’s stock valued at $5,315,000 after acquiring an additional 292,783 shares in the last quarter. SG Americas Securities LLC raised its holdings in Gatos Silver by 24.2% in the second quarter. SG Americas Securities LLC now owns 130,114 shares of the company’s stock valued at $373,000 after acquiring an additional 25,311 shares in the last quarter. Finally, Belvedere Trading LLC raised its holdings in Gatos Silver by 43.7% in the second quarter. Belvedere Trading LLC now owns 47,535 shares of the company’s stock valued at $140,000 after acquiring an additional 14,460 shares in the last quarter. Institutional investors and hedge funds own 56.49% of the company’s stock.
Gatos Silver Trading Up 8.4 %
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GATO stock opened at $4.28 on Friday. Gatos Silver has a 1 year low of $2.40 and a 1 year high of $15.25. The stock has a 50-day simple moving average of $3.24 and a 200-day simple moving average of $3.60.
About Gatos Silver
Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver ores. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico.
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