Endeavour Mining plc (OTCMKTS:EDVMF) Short Interest Up 74.7% in May

Endeavour Mining plc (OTCMKTS:EDVMF) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,723,100 shares, an increase of 74.7% from the May 15th total of 1,558,500 shares. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 214.4 days.

Endeavour Mining Stock Performance

EDVMF stock traded up $0.64 during midday trading on Monday, reaching $32.54. 4,292 shares of the company’s stock traded hands, compared to its average volume of 25,084. The firm’s fifty day moving average price is $28.76 and its 200-day moving average price is $23.34. Endeavour Mining has a 52 week low of $17.51 and a 52 week high of $32.69.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Endeavour Mining in a research report on Wednesday, May 7th. Barclays reiterated an “overweight” rating on shares of Endeavour Mining in a research note on Wednesday, April 16th. Finally, CIBC reissued a “neutral” rating on shares of Endeavour Mining in a research note on Monday, May 5th.

About Endeavour Mining

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d'Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.