Short Interest in Endeavour Silver Corp. (NYSE:EXK) Grows By 7.6%

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 11,660,000 shares, a growth of 7.6% from the January 15th total of 10,840,000 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average trading volume of 7,390,000 shares, the short-interest ratio is currently 1.6 days.

Endeavour Silver Trading Down 8.0 %

Shares of EXK traded down $0.34 during midday trading on Friday, reaching $3.84. The company had a trading volume of 13,839,342 shares, compared to its average volume of 8,953,396. The firm has a 50 day simple moving average of $3.79 and a 200-day simple moving average of $3.93. 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 stock has a market cap of $1.01 billion, a PE ratio of -29.50 and a beta of 1.63. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.67.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently bought and sold shares of EXK. Schroder Investment Management Group acquired a new position in Endeavour Silver in the 4th quarter valued at about $36,000. Alpha Cubed Investments LLC acquired a new position in Endeavour Silver in the fourth quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Endeavour Silver in the fourth quarter valued at approximately $43,000. Farringdon Capital Ltd. acquired a new stake in Endeavour Silver during the fourth quarter worth $55,000. Finally, Blue Trust Inc. increased its stake in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock worth $57,000 after acquiring an additional 8,389 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. HC Wainwright reduced their price objective on Endeavour Silver from $7.25 to $7.00 and set a "buy" rating for the company in a research note on Friday, January 10th. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a report on Wednesday, February 12th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, TD Securities started coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.56.

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.