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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) saw 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. Based on an average trading volume of 6,260,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 4.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EXK. Alpha Cubed Investments LLC purchased a new stake in shares of Endeavour Silver during the fourth quarter valued at $37,000. B. Riley Wealth Advisors Inc. grew its stake 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 purchasing an additional 19,200 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Endeavour Silver in the third quarter valued at about $80,000. Barclays PLC raised its stake in shares of Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after purchasing an additional 51,901 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after purchasing an additional 10,543 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXK. Alliance Global Partners lifted their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Securities initiated coverage on Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. HC Wainwright reduced their price target on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.56.

Endeavour Silver Stock Up 0.7 %

Shares of EXK stock opened at $3.52 on Monday. The stock’s fifty day moving average price is $4.02 and its 200 day moving average price is $4.01. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share 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 positive return on equity of 0.97% and a negative net margin of 13.04%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Sell-side analysts anticipate that Endeavour Silver will post -0.08 EPS for the current fiscal year.

Endeavour Silver Company Profile

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.