Short Interest in Endeavour Silver Corp. (NYSE:EXK) Increases By 20.1%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 14,000,000 shares, an increase of 20.1% from the January 31st total of 11,660,000 shares. Based on an average daily volume of 7,840,000 shares, the short-interest ratio is currently 1.8 days. Approximately 5.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Schroder Investment Management Group acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $36,000. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $43,000. Farringdon Capital Ltd. acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $55,000. Finally, Oxford Asset Management LLP acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $57,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EXK. TD Securities began coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, HC Wainwright cut their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Trading Up 0.6 %

Shares of EXK stock opened at $3.99 on Friday. The firm has a market cap of $1.05 billion, a P/E ratio of -30.65 and a beta of 1.63. Endeavour Silver has a 1-year low of $1.87 and a 1-year 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’s 50-day simple moving average is $3.80 and its 200-day simple moving average is $3.99.

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.