Gatos Silver, Inc. (NYSE:GATO) Sees Large Drop in Short Interest

Gatos Silver, Inc. (NYSE:GATOGet Rating) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,970,000 shares, a decrease of 9.6% from the October 15th total of 2,180,000 shares. Based on an average trading volume of 401,400 shares, the days-to-cover ratio is currently 4.9 days. Currently, 4.2% of the shares of the company are sold short.

Gatos Silver Price Performance

GATO traded down $0.01 on Friday, hitting $3.51. 257 shares of the company’s stock were exchanged, compared to its average volume of 267,708. Gatos Silver has a twelve month low of $2.20 and a twelve month high of $14.63. The stock has a fifty day moving average of $3.09 and a two-hundred day moving average of $3.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GATO. Strs Ohio grew its position in Gatos Silver by 8,750.0% in the 1st quarter. Strs Ohio now owns 53,100 shares of the company’s stock worth $229,000 after purchasing an additional 52,500 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Gatos Silver in the 1st quarter worth about $29,000. Exor Capital LLP grew its position in Gatos Silver by 6.3% in the 1st quarter. Exor Capital LLP now owns 2,872,657 shares of the company’s stock worth $12,410,000 after purchasing an additional 169,621 shares during the last quarter. IndexIQ Advisors LLC bought a new position in Gatos Silver in the 1st quarter worth about $405,000. Finally, Swiss National Bank grew its position in Gatos Silver by 7.6% in the 1st quarter. Swiss National Bank now owns 98,000 shares of the company’s stock worth $423,000 after purchasing an additional 6,900 shares during the last quarter. Institutional investors own 53.31% of the company’s stock.

Gatos Silver Company Profile

(Get Rating)

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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