Short Interest in Endeavour Silver Corp. (NYSE:EXK) Grows By 6.7%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 10,040,000 shares, an increase of 6.7% from the May 31st total of 9,410,000 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 6,620,000 shares, the short-interest ratio is currently 1.5 days.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock traded up $0.09 during midday trading on Tuesday, hitting $3.56. 4,270,530 shares of the company traded hands, compared to its average volume of 5,443,593. The stock has a market cap of $874.87 million, a price-to-earnings ratio of -178.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.02. The firm’s fifty day moving average price is $3.47 and its 200-day moving average price is $2.51. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $4.20.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 price objective for the company. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. HC Wainwright restated a “buy” rating and set a $6.25 price objective on shares of Endeavour Silver in a research report on Friday, May 10th. Finally, CIBC raised their target price on Endeavour Silver from $4.25 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.81.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in Endeavour Silver during the 1st quarter worth $19,008,000. Jupiter Asset Management Ltd. increased its stake in shares of Endeavour Silver by 60.1% in the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after buying an additional 4,046,065 shares during the period. Van ECK Associates Corp raised its holdings in Endeavour Silver by 12.9% in the 1st quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after buying an additional 1,237,440 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Endeavour Silver by 3.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after buying an additional 188,787 shares during the period. Finally, Aristides Capital LLC bought a new stake in Endeavour Silver during the 4th quarter worth approximately $260,000. 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.