Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Up 27.7% in October

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 14,970,000 shares, an increase of 27.7% from the October 15th total of 11,720,000 shares. Based on an average trading volume of 3,730,000 shares, the short-interest ratio is currently 4.0 days. Currently, 3.9% of the shares of the company are short sold.

Equinox Gold Price Performance

EQX opened at $5.17 on Friday. The company has a market capitalization of $2.35 billion, a PE ratio of 10.55 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. Equinox Gold has a 1-year low of $3.95 and a 1-year high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. Equinox Gold’s revenue was up 50.5% compared to the same quarter last year. Equities research analysts predict that Equinox Gold will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EQX. Kings Path Partners LLC bought a new position in shares of Equinox Gold during the second quarter valued at $27,000. Continuum Advisory LLC acquired a new position in Equinox Gold in the second quarter valued at about $29,000. Veracity Capital LLC acquired a new position in Equinox Gold in the third quarter valued at about $61,000. Joel Isaacson & Co. LLC bought a new stake in Equinox Gold during the third quarter worth about $61,000. Finally, Evergreen Capital Management LLC increased its holdings in shares of Equinox Gold by 30.2% during the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock worth $113,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.