Avino Silver & Gold Mines Ltd. (NYSE:ASM) Sees Large Growth 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. Approximately5.6% of the company's stock are short sold. Based on an average daily volume of 5,290,000 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 5,290,000 shares, the short-interest ratio is currently 1.4 days. Approximately5.6% of the company's stock are short sold.

Avino Silver & Gold Mines Stock Performance

Shares of ASM traded up $0.10 during mid-day trading on Friday, reaching $3.81. 5,374,075 shares of the company's stock were exchanged, compared to its average volume of 3,782,770. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The stock has a market capitalization of $555.81 million, a PE ratio of 190.60 and a beta of 1.59. The business's fifty day simple moving average is $3.59 and its 200-day simple moving average is $2.95. Avino Silver & Gold Mines has a 52-week low of $0.85 and a 52-week high of $4.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pinion Investment Advisors LLC purchased a new position in Avino Silver & Gold Mines in the 2nd quarter worth approximately $41,000. Rathbones Group PLC bought a new position in shares of Avino Silver & Gold Mines in the second quarter worth $76,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock worth $58,000 after purchasing an additional 4,904 shares in the last quarter. Mariner LLC bought a new position in Avino Silver & Gold Mines during the fourth quarter valued at about $41,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Avino Silver & Gold Mines in the 1st quarter valued at $118,000. Institutional investors and hedge funds own 3.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. HC Wainwright raised their target price 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. Roth Capital reissued a "neutral" rating and issued a $3.50 price target on shares of Avino Silver & Gold Mines in a report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2.58.

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.