Avino Silver & Gold Mines Ltd. (NYSE:ASM) Sees Large Increase in Short Interest

Key Points

• Avino Silver & Gold Mines Ltd. has seen a significant increase in short interest, rising by 34.6% in August to a total of 10,580,000 shares shorted, representing 7.8% of its shares outstanding.
• Institutional investors have made notable adjustments to their holdings, with Prudential Financial Inc. increasing its position by 4.3% and Sprott Inc. raising its stake by 4.2% during recent quarters.
• Analysts have mixed views on the stock, with Roth Capital raising its price target to $3.60 and HC Wainwright maintaining a "buy" rating with a target of $4.80, while Wall Street Zen downgraded it to a "hold."

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 10,580,000 shares, anincreaseof34.6% from the July 31st total of 7,860,000 shares. Currently,7.8% of the shares of the stock are sold short. Based on an average daily volume of 5,410,000 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 5,410,000 shares, the short-interest ratio is presently 2.0 days. Currently,7.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of Avino Silver & Gold Mines by 4.3% during the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company's stock worth $279,000 after purchasing an additional 3,200 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Avino Silver & Gold Mines by 18.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after acquiring an additional 4,904 shares in the last quarter. Sprott Inc. lifted its position in Avino Silver & Gold Mines by 4.2% in the 1st quarter. Sprott Inc. now owns 261,850 shares of the company's stock valued at $482,000 after acquiring an additional 10,450 shares in the last quarter. Pinion Investment Advisors LLC bought a new stake in Avino Silver & Gold Mines in the 2nd quarter valued at $41,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Avino Silver & Gold Mines by 12.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock valued at $346,000 after acquiring an additional 20,900 shares in the last quarter. 3.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Roth Capital raised their price target on shares of Avino Silver & Gold Mines from $3.50 to $3.60 and gave the company a "neutral" rating in a report on Friday, August 15th. Wall Street Zen lowered shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, HC Wainwright reissued a "buy" rating and issued a $4.80 price target on shares of Avino Silver & Gold Mines in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Avino Silver & Gold Mines has an average rating of "Moderate Buy" and a consensus price target of $3.10.

Avino Silver & Gold Mines Trading Up 0.7%

Shares of NYSE ASM traded up $0.03 during midday trading on Monday, reaching $4.28. 4,599,926 shares of the stock were exchanged, compared to its average volume of 3,989,948. The business has a 50-day simple moving average of $3.84 and a two-hundred day simple moving average of $3.29. The company has a market capitalization of $641.43 million, a price-to-earnings ratio of 214.11 and a beta of 1.61. Avino Silver & Gold Mines has a 12 month low of $0.85 and a 12 month high of $4.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.

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