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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a significant drop in short interest during 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. Currently, 4.4% of the shares of the company are sold short. Based on an average daily volume of 6,260,000 shares, the short-interest ratio is presently 1.7 days.

Analyst Ratings Changes

A number of analysts have recently commented on EXK shares. HC Wainwright lowered their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Alliance Global Partners raised their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. TD Securities assumed coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They set 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.56.

Endeavour Silver Stock Performance

EXK stock opened at $3.52 on Monday. 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 firm has a 50-day simple moving average of $4.02 and a 200-day simple moving average of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million during 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%. Endeavour Silver’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. On average, analysts predict that Endeavour Silver will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Van ECK Associates Corp raised its position in shares of Endeavour Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after buying an additional 658,215 shares during the last quarter. U S Global Investors Inc. acquired a new stake in Endeavour Silver in the 3rd quarter valued at about $1,382,000. Quest Partners LLC purchased a new position in Endeavour Silver in the 3rd quarter worth approximately $964,000. American Century Companies Inc. acquired a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $589,000. Finally, XTX Topco Ltd grew its position in shares of Endeavour Silver by 768.2% in the second quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock valued at $355,000 after purchasing an additional 89,288 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.