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

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 14,000,000 shares, a growth of 20.1% from the January 31st total of 11,660,000 shares. Based on an average trading volume of 7,840,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 5.7% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. HC Wainwright cut their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a "buy" rating for the company in a research report on Friday, January 10th. TD Securities assumed coverage on Endeavour Silver in a report on Friday, November 29th. They issued a "buy" rating for the company. StockNews.com raised Endeavour Silver to a "sell" rating in a report on Friday, February 28th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Endeavour Silver has a consensus rating of "Moderate Buy" and a consensus target price of $6.56.

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Endeavour Silver Stock Performance

Shares of EXK stock traded up $0.03 during mid-day trading on Friday, reaching $3.99. 5,802,417 shares of the company's stock traded hands, compared to its average volume of 9,276,907. The firm has a 50 day moving average price of $3.80 and a two-hundred day moving average price of $4.00. Endeavour Silver has a 12 month low of $1.87 and a 12 month high of $5.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm has a market capitalization of $1.05 billion, a PE ratio of -30.65 and a beta of 1.55.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds have recently modified their holdings of the company. Quest Partners LLC bought a new position in Endeavour Silver in the 3rd quarter worth $964,000. Barclays PLC boosted its holdings in Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company's stock worth $205,000 after buying an additional 51,901 shares during the period. Sprott Inc. grew its position in shares of Endeavour Silver by 23.1% during the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company's stock worth $5,809,000 after purchasing an additional 298,091 shares in the last quarter. Geode Capital Management LLC raised its stake in Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company's stock valued at $460,000 after purchasing an additional 10,543 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Endeavour Silver in the 4th quarter worth approximately $119,000. 20.06% of the stock is currently owned by institutional investors.

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.