Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) Shares Shorted: Short Interest Down 47.9% in October

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 108,271 shares, a drop of 47.9% from the September 30th total of 207,657 shares. Based on an average daily trading volume, of 82,551 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SBMT. Roth Capital reissued a “buy” rating and set a $15.00 price objective on shares of Silver Bow Mining in a research report on Thursday, October 1st. Zacks Research raised shares of Silver Bow Mining to a “hold” rating in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Silver Bow Mining presently has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Institutional Trading of Silver Bow Mining

A hedge fund recently bought a new position in Silver Bow Mining stock. Ninepoint Partners LP acquired a new stake in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 150,000 shares of the company’s stock, valued at approximately $1,014,000. Ninepoint Partners LP owned about 0.51% of Silver Bow Mining as of its most recent SEC filing.

Silver Bow Mining Stock Down 7.0%

Shares of NYSEAMERICAN:SBMT traded down $0.45 during trading on Friday, hitting $5.97. 110,342 shares of the company’s stock were exchanged, compared to its average volume of 114,735. The company’s 50-day moving average is $7.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 26.95 and a quick ratio of 26.95. Silver Bow Mining has a 1-year low of $5.75 and a 1-year high of $11.23.

Silver Bow Mining (NYSEAMERICAN:SBMT) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.18) EPS for the quarter. On average, sell-side analysts forecast that Silver Bow Mining will post -0.73 earnings per share for the current year.

About Silver Bow Mining

We were incorporated under the name Blackjack Silver Corp. pursuant to the Business Corporations Act (Ontario) on August 31, 2020. We changed our name to Silver Bow Mining Corp. pursuant to a certificate of amendment effective February 18, 2025. On May 27, 2025, we continued into British Columbia under the provisions of the BCBCA. We are domiciled in British Columbia, Canada and maintain a head office in Butte, Montana. We are a minerals exploration company focused on silver, zinc, gold, lead, and copper targets in Montana.