Silver Wheaton short squeeze coming?
Shares of Silver Wheaton Corp were the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 4,218,991 shares, a growth of 121.4% from the June 13th total of 1,905,638 shares, Stock Ratings News reports. Based on an average trading volume of 5,143,846 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.2% of the company’s stock are sold short.
A number of research firms have recently commented on SLW. Analysts at Raymond James raised their price target on shares of Silver Wheaton Corp. from $31.00 to $32.00 in a research note on Monday, July 14th. Separately, analysts at RBC Capital raised their price target on shares of Silver Wheaton Corp. from $35.00 to $38.00 in a research note on Wednesday, July 9th. Finally, analysts at Morgan Stanley raised their price target on shares of Silver Wheaton Corp. from $25.00 to $27.30 in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Silver Wheaton Corp. presently has a consensus rating of “Buy” and a consensus price target of $31.18.
