Short Interest in Equinox Gold Corp. (NYSEAMERICAN:EQX) Increases By 27.7%

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 14,970,000 shares, an increase of 27.7% from the October 15th total of 11,720,000 shares. Based on an average daily volume of 3,730,000 shares, the short-interest ratio is presently 4.0 days. Currently, 3.9% of the shares of the company are short sold.

Equinox Gold Stock Down 0.4 %

Shares of EQX traded down $0.02 during mid-day trading on Friday, hitting $5.17. 3,509,110 shares of the company's stock were exchanged, compared to its average volume of 3,144,645. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. Equinox Gold has a 52 week low of $3.95 and a 52 week high of $6.50. The stock has a market capitalization of $2.35 billion, a PE ratio of 10.67 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released 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). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The company had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. Equinox Gold's quarterly revenue was up 50.5% on a year-over-year basis. Equities research analysts forecast that Equinox Gold will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in shares of Equinox Gold by 1.9% during the first quarter. SG Americas Securities LLC now owns 140,710 shares of the company's stock worth $847,000 after purchasing an additional 2,566 shares during the last quarter. Russell Investments Group Ltd. increased its position in Equinox Gold by 13.1% in the 1st quarter. Russell Investments Group Ltd. now owns 2,955,057 shares of the company's stock valued at $17,841,000 after acquiring an additional 341,632 shares during the period. Vanguard Group Inc. raised its stake in shares of Equinox Gold by 9.9% during the first quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company's stock valued at $63,325,000 after acquiring an additional 943,855 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Equinox Gold by 9.6% during the first quarter. Donald Smith & CO. Inc. now owns 10,449,810 shares of the company's stock worth $62,908,000 after purchasing an additional 919,499 shares during the period. Finally, Shell Asset Management Co. grew its stake in shares of Equinox Gold by 92.4% in the first quarter. Shell Asset Management Co. now owns 1,118,137 shares of the company's stock worth $6,751,000 after purchasing an additional 536,905 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.