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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 10,040,000 shares, a growth of 6.7% from the May 31st total of 9,410,000 shares. Based on an average daily volume of 6,620,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 4.2% of the shares of the company are short sold.

Endeavour Silver Stock Performance

Endeavour Silver stock traded up $0.25 during midday trading on Wednesday, hitting $3.81. 4,136,731 shares of the company were exchanged, compared to its average volume of 5,433,307. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $4.20. The firm has a market capitalization of $936.31 million, a PE ratio of -190.50 and a beta of 1.69. The business has a fifty day simple moving average of $3.49 and a two-hundred day simple moving average of $2.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.02.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new position in Endeavour Silver during the fourth quarter worth approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Endeavour Silver by 19.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock valued at $102,000 after acquiring an additional 8,441 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Endeavour Silver by 2.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,160,727 shares of the mining company’s stock valued at $10,167,000 after acquiring an additional 140,838 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Endeavour Silver in the 4th quarter worth $30,000. Finally, Quest Partners LLC acquired a new position in Endeavour Silver during the fourth quarter worth $59,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Analysts Set New Price Targets

EXK has been the subject of a number of research reports. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. HC Wainwright reaffirmed a “buy” rating and set a $6.25 target price on shares of Endeavour Silver in a report on Friday, May 10th. CIBC increased their price target on shares of Endeavour Silver from $4.25 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Finally, BMO Capital Markets assumed coverage on shares of Endeavour Silver in a research note on Monday, June 17th. They set an “outperform” rating and a $6.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.81.

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.