Sunshine Silver Mining & Refining Company (NYSE:SSMR) Short Interest Update

Sunshine Silver Mining & Refining Company (NYSE:SSMR) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 534,522 shares, a growth of ∞ from the May 31st total of 0 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 488,206 shares, the short-interest ratio is currently 1.1 days.

Sunshine Silver Mining & Refining Stock Up 4.7%

Sunshine Silver Mining & Refining stock traded up $0.62 during mid-day trading on Wednesday, reaching $13.84. The company had a trading volume of 63,172 shares, compared to its average volume of 264,711. Sunshine Silver Mining & Refining has a 1 year low of $12.56 and a 1 year high of $17.15.

Insider Buying and Selling at Sunshine Silver Mining & Refining

In other Sunshine Silver Mining & Refining news, Director Douglas Groh bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $13.50 per share, for a total transaction of $135,000.00. Following the completion of the purchase, the director directly owned 143,929 shares in the company, valued at $1,943,041.50. This trade represents a 7.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michelle H. Shepston acquired 5,000 shares of Sunshine Silver Mining & Refining stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $13.50 per share, with a total value of $67,500.00. Following the transaction, the general counsel directly owned 5,000 shares in the company, valued at approximately $67,500. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 59,565 shares of company stock worth $804,128.

Analyst Ratings Changes

SSMR has been the topic of a number of recent research reports. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued a “buy” rating and a $18.00 target price on the stock. Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued an “overweight” rating and a $23.00 price objective on the stock. Scotiabank started coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued a “sector outperform” rating and a $20.00 price target for the company. Wall Street Zen raised Sunshine Silver Mining & Refining to a “hold” rating in a report on Saturday, June 13th. Finally, BMO Capital Markets assumed coverage on Sunshine Silver Mining & Refining in a research report on Monday. They issued an “outperform” rating and a $16.50 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $18.50.