Short Interest in Endeavour Silver Corp. (NYSE:EXK) Declines By 5.8%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 14,890,000 shares, a decline of 5.8% from the June 30th total of 15,810,000 shares. Based on an average trading volume of 5,800,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 6.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EXK shares. HC Wainwright raised their price objective on Endeavour Silver from $6.25 to $6.50 and gave the company a “buy” rating in a research note on Thursday, July 25th. Alliance Global Partners raised their price target on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research report on Wednesday, July 10th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. CIBC raised their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, BMO Capital Markets started coverage on shares of Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.95.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its position in shares of Endeavour Silver by 9.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after acquiring an additional 6,800 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Endeavour Silver by 19.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock valued at $102,000 after buying an additional 8,441 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Endeavour Silver during the 2nd quarter worth $42,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Endeavour Silver in the 4th quarter worth $25,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Shares of EXK opened at $4.39 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.02. The stock has a fifty day moving average of $4.00 and a two-hundred day moving average of $2.86.

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.