Short Interest in Endeavour Silver Corp. (NYSE:EXK) Declines By 6.0%

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

Endeavour Silver Trading Up 0.7 %

Shares of EXK stock opened at $3.52 on Friday. 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 stock’s 50-day moving average is $4.02 and its 200 day moving average is $4.01. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.67.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in Endeavour Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after purchasing an additional 658,215 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after buying an additional 15,075 shares during the last quarter. U S Global Investors Inc. purchased a new position in shares of Endeavour Silver in the third quarter worth $1,382,000. Quest Partners LLC acquired a new stake in shares of Endeavour Silver during the third quarter worth $964,000. Finally, American Century Companies Inc. purchased a new stake in shares of Endeavour Silver during the second quarter valued at $589,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.