Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Up 9.7% in December

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 16,920,000 shares, a growth of 9.7% from the December 15th total of 15,420,000 shares. Currently, 4.4% of the company's stock are sold short. Based on an average daily trading volume, of 4,580,000 shares, the days-to-cover ratio is currently 3.7 days.

Equinox Gold Stock Down 0.3 %

Equinox Gold stock traded down $0.02 during trading hours on Friday, hitting $5.84. The stock had a trading volume of 5,602,492 shares, compared to its average volume of 4,037,015. The stock has a market capitalization of $2.66 billion, a PE ratio of 11.92 and a beta of 1.30. Equinox Gold has a 12-month low of $3.95 and a 12-month high of $6.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $428.40 million during the quarter, compared to analysts' expectations of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. On average, analysts anticipate that Equinox Gold will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Equinox Gold by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company's stock worth $138,000 after acquiring an additional 3,528 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Equinox Gold by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,805,581 shares of the company's stock valued at $40,824,000 after purchasing an additional 597,182 shares during the last quarter. Herr Investment Group LLC boosted its holdings in shares of Equinox Gold by 62.6% during the 2nd quarter. Herr Investment Group LLC now owns 2,325,521 shares of the company's stock valued at $12,162,000 after purchasing an additional 895,361 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of Equinox Gold by 30.2% during the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company's stock valued at $113,000 after purchasing an additional 5,000 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Equinox Gold by 5.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 199,795 shares of the company's stock worth $1,043,000 after purchasing an additional 11,186 shares during the last quarter. Institutional investors own 38.85% of the company's stock.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.