Endeavour Silver Corp. (NYSE:EXK) Short Interest Up 41.2% in March

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 17,490,000 shares, an increase of 41.2% from the March 15th total of 12,390,000 shares. Based on an average daily trading volume, of 10,420,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 6.7% of the company's stock are sold short.

Endeavour Silver Stock Performance

Shares of NYSE:EXK traded up $0.11 during trading on Thursday, hitting $3.79. The stock had a trading volume of 7,144,912 shares, compared to its average volume of 10,698,523. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -29.12 and a beta of 1.47. The stock has a 50-day simple moving average of $4.01 and a two-hundred day simple moving average of $4.13. Endeavour Silver has a 12-month low of $2.46 and a 12-month high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. On average, equities research analysts expect that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $36,000. Alpha Cubed Investments LLC purchased a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Endeavour Silver during the 4th quarter worth approximately $43,000. Farringdon Capital Ltd. acquired a new stake in Endeavour Silver in the 4th quarter valued at $55,000. Finally, Oxford Asset Management LLP purchased a new stake in Endeavour Silver in the 4th quarter worth $57,000. Institutional investors and hedge funds own 20.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXK. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Raymond James assumed coverage on Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating for the company. StockNews.com upgraded Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Finally, HC Wainwright restated a "buy" rating and set a $7.25 price objective on shares of Endeavour Silver in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.63.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.