Short Interest in Endeavour Silver Corp. (NYSE:EXK) Drops By 6.8%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 12,240,000 shares, a decrease of 6.8% from the November 15th total of 13,140,000 shares. Based on an average daily volume of 5,910,000 shares, the short-interest ratio is currently 2.1 days. Approximately 5.0% of the company’s stock are sold short.

Endeavour Silver Stock Down 1.4 %

Shares of NYSE:EXK traded down $0.05 during midday trading on Monday, reaching $3.87. 6,330,556 shares of the company were exchanged, compared to its average volume of 5,532,444. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week 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 stock has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $4.01. The firm has a market cap of $1.01 billion, a PE ratio of -30.15 and a beta of 1.62.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $53.40 million for 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%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted ($0.04) earnings per share. As a group, sell-side analysts forecast that Endeavour Silver will post -0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXK. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners upped 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. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. HC Wainwright reissued a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research note on Monday, December 2nd. Finally, TD Securities assumed coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. One equities 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hohimer Wealth Management LLC acquired a new stake in Endeavour Silver in the 2nd quarter worth about $42,000. Blue Trust Inc. grew its holdings in Endeavour Silver by 139.6% during 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. Oxbow Advisors LLC bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at $51,000. Oak Family Advisors LLC bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at $55,000. Finally, Virtu Financial LLC bought a new stake in shares of Endeavour Silver in the 3rd quarter valued at $80,000. 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.