Endeavour Silver Corp. (NYSE:EXK) Short Interest Up 7.6% in January

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 11,660,000 shares, an increase of 7.6% from the January 15th total of 10,840,000 shares. Based on an average daily volume of 7,390,000 shares, the short-interest ratio is presently 1.6 days. Currently, 4.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EXK shares. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Wednesday, February 12th. HC Wainwright reduced their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Alliance Global Partners raised their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, TD Securities started coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.56.

Institutional Investors Weigh In On Endeavour Silver

Large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group purchased a new position in shares of Endeavour Silver during the fourth quarter worth approximately $36,000. Alpha Cubed Investments LLC bought a new position in Endeavour Silver in the fourth quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Endeavour Silver during the 4th quarter worth $43,000. Farringdon Capital Ltd. bought a new stake in Endeavour Silver during the 4th quarter valued at $55,000. Finally, Blue Trust Inc. lifted its holdings in shares of Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Trading Up 1.1 %

Shares of NYSE:EXK traded up $0.05 on Tuesday, hitting $4.09. 7,181,353 shares of the company’s stock were exchanged, compared to its average volume of 8,909,347. The business’s 50 day simple moving average is $3.80 and its two-hundred day simple moving average is $3.93. 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 stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -31.43 and a beta of 1.63. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67.

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.