Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Update

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 16,920,000 shares, an increase of 9.7% from the December 15th total of 15,420,000 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average trading volume of 4,580,000 shares, the short-interest ratio is currently 3.7 days.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX traded down $0.02 during mid-day trading on Monday, hitting $5.84. 5,602,492 shares of the company’s stock traded hands, compared to its average volume of 4,037,015. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.66 billion, a P/E ratio of 11.92 and a beta of 1.30. Equinox Gold has a 1 year low of $3.95 and a 1 year high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business had revenue of $428.40 million for the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold’s revenue for the quarter was up 50.5% on a year-over-year basis. As a group, research analysts expect that Equinox Gold will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

A number of institutional investors have recently made changes to their positions in EQX. Hobbs Group Advisors LLC acquired a new stake in shares of Equinox Gold during the third quarter valued at $43,000. Veracity Capital LLC purchased a new position in Equinox Gold in the 3rd quarter valued at about $61,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Equinox Gold during the 3rd quarter worth about $61,000. Synovus Financial Corp purchased a new stake in shares of Equinox Gold during the third quarter worth about $61,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Equinox Gold in the third quarter valued at approximately $110,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.