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

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,650,000 shares, agrowthof60.7% from the June 30th total of 4,760,000 shares. Based on an average daily volume of 5,290,000 shares, the days-to-cover ratio is currently 1.4 days. Currently,5.6% of the company's shares are sold short. Currently,5.6% of the company's shares are sold short. Based on an average daily volume of 5,290,000 shares, the days-to-cover ratio is currently 1.4 days.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Roth Capital restated a "neutral" rating and set a $3.50 price objective on shares of Avino Silver & Gold Mines in a report on Tuesday, July 1st. 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 upped their price target on shares of Avino Silver & Gold Mines from $2.20 to $2.80 and gave the company a "buy" rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Avino Silver & Gold Mines presently has an average rating of "Moderate Buy" and a consensus price target of $2.58.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its stake in Avino Silver & Gold Mines by 382.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,874,867 shares of the company's stock valued at $1,652,000 after acquiring an additional 1,485,910 shares during the last quarter. U S Global Investors Inc. acquired a new position in shares of Avino Silver & Gold Mines during the second quarter worth approximately $3,836,000. Trek Financial LLC bought a new stake in Avino Silver & Gold Mines in the 1st quarter valued at $1,327,000. 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 buying an additional 571,163 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Avino Silver & Gold Mines in the 4th quarter worth approximately $492,000. Institutional investors and hedge funds own 3.11% of the company's stock.

Avino Silver & Gold Mines Stock Up 2.7%

NYSE:ASM traded up $0.10 during trading hours on Friday, hitting $3.81. 5,374,075 shares of the company's stock traded hands, compared to its average volume of 3,782,770. The firm has a market cap of $555.81 million, a P/E ratio of 190.60 and a beta of 1.59. Avino Silver & Gold Mines has a twelve month low of $0.85 and a twelve month high of $4.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The stock's fifty day moving average price is $3.59 and its two-hundred day moving average price is $2.94.

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.