Endeavour Silver Corp. (NYSE:EXK) Short Interest Update

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 12,390,000 shares, a decline of 13.8% from the February 28th total of 14,370,000 shares. Based on an average daily volume of 9,160,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 4.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Endeavour Silver by 52.9% in the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock valued at $40,914,000 after buying an additional 3,869,920 shares during the period. Jupiter Asset Management Ltd. raised its stake in Endeavour Silver by 0.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock valued at $39,545,000 after acquiring an additional 99,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock valued at $23,858,000 after purchasing an additional 3,581,936 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Endeavour Silver by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company’s stock worth $21,748,000 after purchasing an additional 288,166 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after purchasing an additional 1,937,150 shares during the last quarter. 20.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. HC Wainwright lifted their target price on shares of Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, March 12th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. Finally, Raymond James started coverage on Endeavour Silver in a research note on Friday, March 21st. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Trading Down 1.5 %

Endeavour Silver stock traded down $0.06 during mid-day trading on Wednesday, hitting $3.73. 6,767,552 shares of the company’s stock were exchanged, compared to its average volume of 6,933,164. The company’s 50 day simple moving average is $4.10 and its 200-day simple moving average is $4.17. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $977.16 million, a P/E ratio of -28.65 and a beta of 1.55. Endeavour Silver has a fifty-two week low of $2.42 and a fifty-two week high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. On average, equities analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

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.