Endeavour Silver Corp. (NYSE:EXK) Short Interest Up 25.1% in May

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

Hedge Funds Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new position in Endeavour Silver during the fourth quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Endeavour Silver during the 4th quarter valued at about $43,000. Hohimer Wealth Management LLC lifted its holdings in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Endeavour Silver by 46,309.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock valued at $61,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Farringdon Capital Ltd. bought a new stake in Endeavour Silver in the 4th quarter valued at approximately $55,000. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Price Performance

Shares of NYSE:EXK traded up $0.27 during midday trading on Thursday, reaching $4.50. The company's stock had a trading volume of 29,525,305 shares, compared to its average volume of 11,685,975. Endeavour Silver has a fifty-two week low of $2.46 and a fifty-two week high of $5.67. The company has a market capitalization of $1.30 billion, a P/E ratio of -34.62 and a beta of 1.50. 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's fifty day simple moving average is $3.62 and its 200-day simple moving average is $3.89.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $63.50 million during the quarter, compared to analyst estimates of $83.10 million. As a group, equities research analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Endeavour Silver Company Profile

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.