Endeavour Silver Corp. (NYSE:EXK) Short Interest Update

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 10,680,000 shares, a decline of 6.0% from the December 15th total of 11,360,000 shares. Based on an average trading volume of 6,260,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 4.4% of the company’s stock are short sold.

Analyst Ratings Changes

Several brokerages have recently weighed in on EXK. TD Securities initiated coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating for the company. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. HC Wainwright decreased their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a report on Friday, January 10th. Alliance Global Partners increased their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Stock Up 0.7 %

Endeavour Silver stock traded up $0.03 during midday trading on Friday, reaching $3.52. 8,235,735 shares of the company traded hands, compared to its average volume of 6,043,327. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $4.02 and a two-hundred day moving average of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Endeavour Silver will post -0.08 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC purchased a new position in shares of Endeavour Silver during the fourth quarter valued at about $37,000. Blue Trust Inc. increased its stake in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Endeavour Silver during the 3rd quarter worth approximately $80,000. Quantbot Technologies LP purchased a new stake in shares of Endeavour Silver during the 3rd quarter worth approximately $100,000. Finally, Walleye Capital LLC bought a new position in shares of Endeavour Silver during the 3rd quarter valued at approximately $111,000. Institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.