Equinox Gold Corp. (NYSEAMERICAN:EQX) Sees Significant Increase in Short Interest

Equinox Gold Corp. (NYSEAMERICAN:EQX) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 16,920,000 shares, a growth of 9.7% from the December 15th total of 15,420,000 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Investors Weigh In On Equinox Gold

Hedge funds have recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC bought a new position in shares of Equinox Gold during the third quarter valued at $43,000. Joel Isaacson & Co. LLC bought a new position in shares of Equinox Gold during the third quarter valued at $61,000. Synovus Financial Corp bought a new position in shares of Equinox Gold during the third quarter valued at $61,000. Veracity Capital LLC bought a new position in shares of Equinox Gold during the third quarter valued at $61,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Equinox Gold during the third quarter valued at $110,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Trading Down 0.3 %

Equinox Gold stock traded down $0.02 during mid-day trading on Friday, hitting $5.84. The company had a trading volume of 5,602,492 shares, compared to its average volume of 4,037,015. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.50. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.92 and a beta of 1.30.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The company had revenue of $428.40 million during the quarter, compared to the consensus estimate of $437.84 million. Equinox Gold’s revenue for the quarter was up 50.5% compared to the same quarter last year. As a group, equities analysts predict that Equinox Gold will post 0.34 earnings per share for the current fiscal year.

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.