Endeavour Silver Corp. (NYSE:EXK) Short Interest Update

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 21,480,000 shares, a growth of 25.1% from the April 30th total of 17,170,000 shares. Based on an average daily volume of 12,360,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 7.4% of the company's shares are short sold.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXK. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. HC Wainwright restated a "buy" rating and issued a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, May 14th. Raymond James began coverage on Endeavour Silver in a research note on Friday, March 21st. They set an "outperform" rating for the company. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $6.63.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC lifted its stake in Endeavour Silver by 52.9% in the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock valued at $40,914,000 after buying an additional 3,869,920 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Endeavour Silver by 0.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company's stock valued at $39,545,000 after acquiring an additional 99,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Endeavour Silver by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company's stock worth $28,279,000 after purchasing an additional 680,802 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock worth $23,858,000 after purchasing an additional 3,581,936 shares during the period. Finally, TD Asset Management Inc increased its holdings in Endeavour Silver by 12.1% during the 1st quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock worth $15,865,000 after purchasing an additional 401,394 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Trading Down 1.1%

Shares of NYSE EXK traded down $0.05 during midday trading on Friday, reaching $4.50. 23,452,615 shares of the stock were exchanged, compared to its average volume of 8,336,518. Endeavour Silver has a 12 month low of $2.46 and a 12 month high of $5.67. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -34.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The business has a 50-day simple moving average of $3.64 and a two-hundred day simple moving average of $3.88.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $63.50 million for the quarter, compared to the consensus estimate of $83.10 million. As a group, equities research analysts expect that Endeavour Silver will post -0.07 EPS for the current year.

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.