Will Fortuna Silver Mines Inc Ordinary Shares (canada (NYSE:FSM) Run Out of Steam Soon? Short Interest is Up

Fortuna Silver Mines Inc. (NYSE:FSM) Logo

Investors sentiment increased to 1.2 in Q2 2018. Its up 0.15, from 1.05 in 2018Q1. It increased, as 12 investors sold Fortuna Silver Mines Inc. shares while 28 reduced holdings. 20 funds opened positions while 28 raised stakes. 64.30 million shares or 2.28% more from 62.86 million shares in 2018Q1 were reported.
Cumberland Partners Ltd has invested 0.05% in Fortuna Silver Mines Inc. (NYSE:FSM). Verition Fund Mgmt Ltd Limited Liability Company owns 11,237 shares. Ingalls And Snyder Ltd Liability Corporation holds 0.79% or 3.01M shares in its portfolio. Sei Invests accumulated 0% or 7,211 shares. Van Eck Associate Corp holds 0.54% or 20.27M shares in its portfolio. Public Sector Pension Investment Board owns 0.02% invested in Fortuna Silver Mines Inc. (NYSE:FSM) for 409,500 shares. Hillsdale Management stated it has 966,100 shares. Davenport Ltd Liability invested 0.15% of its portfolio in Fortuna Silver Mines Inc. (NYSE:FSM). Montrusco Bolton Invests Inc reported 3.96M shares. Tradewinds Capital Mgmt Limited stated it has 0% in Fortuna Silver Mines Inc. (NYSE:FSM). Gabelli Funds Limited Co reported 1.73M shares. 2.59M were accumulated by Manufacturers Life Insurance Co The. Gotham Asset Mngmt Ltd Llc owns 0% invested in Fortuna Silver Mines Inc. (NYSE:FSM) for 15,537 shares. Legal And General Gru Public Limited reported 0% stake. 225,983 are owned by Mackenzie Financial.

The stock of Fortuna Silver Mines Inc Ordinary Shares (canada (NYSE:FSM) registered an increase of 67.33% in short interest. FSM’s total short interest was 1.09 million shares in December as published by FINRA. Its up 67.33% from 652,800 shares, reported previously. With 615,200 shares average volume, it will take short sellers 2 days to cover their FSM’s short positions. The short interest to Fortuna Silver Mines Inc Ordinary Shares (canada’s float is 0.69%.

The stock increased 3.44% or $0.11 during the last trading session, reaching $3.31. About 981,102 shares traded or 15.56% up from the average. Fortuna Silver Mines Inc. (NYSE:FSM) has declined 11.49% since December 8, 2017 and is downtrending. It has underperformed by 27.11% the S&P500.

Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of mineral properties in Latin America. The company has market cap of $532.61 million. The firm explores for silver, gold, lead, and zinc deposits. It has a 8.01 P/E ratio. It holds interests in the Caylloma mine located in southern Peru; and the San Jose mine located in the State of Oaxaca in southern Mexico, as well as develops the Lindero gold project situated in northwestern Argentina.

More notable recent Fortuna Silver Mines Inc. (NYSE:FSM) news were published by: Seekingalpha.com which released: “Is Fortuna Silver Mines Turning To Gold? – Seeking Alpha” on April 05, 2017, also Nasdaq.com with their article: “Fortuna to release third quarter 2018 financial results on November 8, 2018; Conference call at 12 pm Eastern on November 9, 2018 – Nasdaq” published on October 31, 2018, Seekingalpha.com published: “Fortuna Silver Mines: Avoid This Stock – Seeking Alpha” on February 08, 2018. More interesting news about Fortuna Silver Mines Inc. (NYSE:FSM) were released by: Seekingalpha.com and their article: “An Alternative Look At 2 Acquisitions – Fortuna Silver And Goldcorp – Seeking Alpha” published on June 09, 2016 as well as Seekingalpha.com‘s news article titled: “Majority Of Silver Miners’ Sustaining Costs Significantly Higher Than Market Price – Seeking Alpha” with publication date: November 19, 2018.

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