Silvercrest Metals Inc T.SIL

weird

[stockpunter]

I would have bet the shorts would covered.
https://www.benzinga.com/quote/SILV/short-interest

[argaiv]

I guess they are betting on a huge market downturn.  It seems they have a short time period to cover, but they must be able to roll their bets over?

[stockpunter]

https://www.benzinga.com/quote/SILV/short-interest My understanding is that the "days to cover" is just the number of shares short, divided by the average daily volume- gives one an idea of how much increased volume would be needed to cover e.g. double the volume for 7 days.    I'm no expert.  Unfortunately, I can only see data for recent 2 week periods, not up-to

[stockpunter]

on the positive side, we have an insider buying after the pull-back

[wideopenthrottl]

the relatively low daily volume, the management team plus the ncib should keep shorters from being too confident i would think?...GLTA

[stockpunter]

https://www.benzinga.com/quote/SILV/short-interest Not sure whether the short bet is company-specific or sector-wide.  

[wideopenthrottl]

I haven't read it yet but It might be that now that there is solid Financials released the programs are spittin out fair value of around 6.42...this discounts all intangibles that long term investors know...as in this management group just know what they are doing and do it well...imho