Finance

How Insiders and Institutions are Trading Pan American Silver Corp. (PAAS)

Recent insider trends for Pan American Silver Corp. (NASDAQ:PAAS) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on PAAS is anything to go by, investors should pay attention.

Institutions own 50.44% of Pan American Silver Corp. (PAAS)’s shares. The total value of these holdings, in millions, is $1,225. Among active positions in the latest quarter, 100 holders increased their positions by a total of 9.33 million shares, 74 holders decreased the positions by a total of 13.27 million shares, and 35 holders held their positions. This works out to a net decrease in ownership of 3.95 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 36 holders initiated new positions by a total of 2.24 million shares and 23 holders exited their positions by a total of 1.83 million shares. This nets out to an increase of 400269 shares and is a bullish sign for PAAS.

Insider ownership increased by a total of 0 shares, which suggests that PAAS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Pan American Silver Corp. (NASDAQ:PAAS)’s short interest is 2.37 million shares, or 1.58% of the float. This represents an increase of 18% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for PAAS. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PAAS is a buy, which implies that PAAS is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Pan American Silver Corp. (NASDAQ:PAAS) is undervalued.

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