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

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

Endeavour Silver Stock Up 0.7 %

Shares of Endeavour Silver stock traded up $0.03 during trading on Friday, reaching $3.52. The company’s stock had a trading volume of 8,235,735 shares, compared to its average volume of 6,043,327. The firm’s 50-day moving average is $4.02 and its two-hundred day moving average is $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.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently modified their holdings of EXK. Blue Trust Inc. increased its stake in shares of Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the period. Alpha Cubed Investments LLC bought a new position in Endeavour Silver in the fourth quarter worth about $37,000. Geode Capital Management LLC grew its holdings in shares of 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. National Bank of Canada FI raised its position in shares of Endeavour Silver by 3.4% in the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after acquiring an additional 15,075 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Endeavour Silver by 16.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after purchasing an additional 19,200 shares during the period. Hedge funds and other 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.