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

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 15th, there was short interest totalling 11,360,000 shares, a drop of 7.2% from the November 30th total of 12,240,000 shares. Based on an average trading volume of 6,060,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 4.6% of the shares of the company are short sold.

Endeavour Silver Stock Performance

Shares of EXK traded up $0.10 during trading hours on Wednesday, hitting $3.66. The company’s stock had a trading volume of 6,599,645 shares, compared to its average volume of 5,586,919. The business has a 50 day simple moving average of $4.36 and a two-hundred day simple moving average of $4.01. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. 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 cap of $960.09 million, a price-to-earnings ratio of -28.15 and a beta of 1.62.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Endeavour Silver’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. On average, equities analysts expect that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXK. HC Wainwright reiterated a “buy” rating and set a $7.25 target price on shares of Endeavour Silver in a research note on Wednesday, December 18th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Alliance Global Partners boosted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Securities assumed coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned 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, the company has an average rating of “Moderate Buy” and an average price target of $6.63.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in EXK. B. Riley Wealth Advisors Inc. grew its holdings in Endeavour Silver by 16.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after buying an additional 19,200 shares in the last quarter. Virtu Financial LLC purchased a new position in Endeavour Silver during the third quarter valued at approximately $80,000. Barclays PLC grew its stake in Endeavour Silver by 1,730,033.3% during the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after acquiring an additional 51,901 shares in the last quarter. Geode Capital Management LLC increased its holdings in Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after acquiring an additional 10,543 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Endeavour Silver in the 3rd quarter worth approximately $261,000. 20.06% of the stock is currently owned by 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.