It Seems Fortuna Silver Mines Inc Ordinary Shares (canada) (NYSE:FSM) Will Go Up. Just Reported Less Shorted Shares

July 27, 2018 - By Robert Shackelford

Fortuna Silver Mines Inc. (NYSE:FSM) Logo

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.13, from 1.18 in 2017Q4. It is negative, as 9 investors sold Fortuna Silver Mines Inc. shares while 30 reduced holdings. 17 funds opened positions while 24 raised stakes. 62.86 million shares or 5.27% less from 66.36 million shares in 2017Q4 were reported.
119,929 were accumulated by Gru One Trading Limited Partnership. Cibc Mkts Inc accumulated 148,750 shares. 565,100 were reported by Sector Pension Board. Creative Planning holds 0% in Fortuna Silver Mines Inc. (NYSE:FSM) or 18,850 shares. Credit Suisse Ag holds 1.23M shares or 0.01% of its portfolio. Stratos Wealth Prtn invested 0% in Fortuna Silver Mines Inc. (NYSE:FSM). Shell Asset Management reported 0% in Fortuna Silver Mines Inc. (NYSE:FSM). Confluence Mngmt Ltd Company holds 0% or 21,597 shares. Morgan Stanley accumulated 1.31 million shares or 0% of the stock. Moneta Inv Ltd Liability Corporation has invested 0% of its portfolio in Fortuna Silver Mines Inc. (NYSE:FSM). Glob X Mngmt Ltd Liability reported 2.31 million shares stake. Moreover, U S Glob Inc has 0.28% invested in Fortuna Silver Mines Inc. (NYSE:FSM). Sprott holds 1.48 million shares. 26,240 were accumulated by Two Sigma Secs Limited Liability Company. 174,460 were accumulated by Pcj Investment Counsel Limited.

The stock of Fortuna Silver Mines Inc Ordinary Shares (canada) (NYSE:FSM) registered a decrease of 27.2% in short interest. FSM’s total short interest was 1.00M shares in July as published by FINRA. Its down 27.2% from 1.38 million shares, reported previously. With 867,700 shares average volume, it will take short sellers 1 days to cover their FSM’s short positions. The short interest to Fortuna Silver Mines Inc Ordinary Shares (canada)’s float is 0.63%.

The stock decreased 2.65% or $0.15 during the last trading session, reaching $5.51. About 766,079 shares traded or 5.02% up from the average. Fortuna Silver Mines Inc. (NYSE:FSM) has risen 17.09% since July 27, 2017 and is uptrending. It has outperformed by 4.52% 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 $883.87 million. The firm explores for silver, gold, lead, and zinc deposits. It has a 13.12 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 news for Fortuna Silver Mines Inc. (NYSE:FSM) were recently published by: Fool.ca, which released: “2 Precious Metals Miners With Plenty of Upside” on July 19, 2018. Investingnews.com‘s article titled: “Medgold Prepares for Phase 2 Drill Program at Tlamino” and published on July 18, 2018 is yet another important article.

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