Endeavour Silver Corp. (NYSE:EXK) Sees Significant Growth in Short Interest

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 11,660,000 shares, an increase of 7.6% from the January 15th total of 10,840,000 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average trading volume of 7,390,000 shares, the short-interest ratio is presently 1.6 days.

Endeavour Silver Price Performance

Endeavour Silver stock traded up $0.05 during midday trading on Tuesday, reaching $4.09. The company had a trading volume of 7,181,353 shares, compared to its average volume of 8,909,347. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. The firm’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $3.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market capitalization of $1.07 billion, a P/E ratio of -31.43 and a beta of 1.63.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently added to or reduced their stakes in the stock. Alpha Cubed Investments LLC acquired a new stake in shares of Endeavour Silver in the 4th quarter worth $37,000. Schroder Investment Management Group acquired a new position in shares of Endeavour Silver during the 4th quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Endeavour Silver in the fourth quarter valued at about $43,000. Blue Trust Inc. increased its position in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares during the last quarter. Finally, Farringdon Capital Ltd. purchased a new position in Endeavour Silver during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

EXK has been the topic of a number of recent research reports. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, February 12th. 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 research report on Tuesday, October 22nd. TD Securities started coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating on the stock. HC Wainwright reduced their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Company Profile

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.