Short Interest in Avino Silver & Gold Mines Ltd. (NYSE:ASM) Grows By 34.6%

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) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 10,580,000 shares, a growth of 34.6% from the July 31st total of 7,860,000 shares. Based on an average daily volume of 5,410,000 shares, the short-interest ratio is currently 2.0 days. Currently, 7.8% of the shares of the company are short sold. Currently, 7.8% of the shares of the company are short sold. Based on an average daily volume of 5,410,000 shares, the short-interest ratio is currently 2.0 days.

Avino Silver & Gold Mines Stock Performance

Shares of NYSE:ASM traded down $0.01 during midday trading on Friday, hitting $4.37. The stock had a trading volume of 9,676,412 shares, compared to its average volume of 4,022,822. The stock has a 50 day moving average price of $3.91 and a two-hundred day moving average price of $3.34. The company has a market capitalization of $660.15 million, a PE ratio of 218.61 and a beta of 1.61. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines has a 1 year low of $0.85 and a 1 year high of $4.75.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Avino Silver & Gold Mines

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $217,000. Millennium Management LLC acquired a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $492,000. Bank of America Corp DE lifted its stake in shares of Avino Silver & Gold Mines by 184,842.4% in the fourth quarter. Bank of America Corp DE now owns 571,472 shares of the company's stock valued at $503,000 after purchasing an additional 571,163 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $206,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $67,000. Institutional investors and hedge funds own 3.11% of the company's stock.

About Avino Silver & Gold Mines

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.