Endeavour Mining plc (OTCMKTS:EDVMF) Sees Significant Decline in Short Interest

Endeavour Mining plc (OTCMKTS:EDVMFGet Free Report) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 2,088,364 shares, a decrease of 32.2% from the December 31st total of 3,080,986 shares. Based on an average daily volume of 33,077 shares, the days-to-cover ratio is presently 63.1 days. Based on an average daily volume of 33,077 shares, the days-to-cover ratio is presently 63.1 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EDVMF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Endeavour Mining in a report on Sunday, December 7th. Morgan Stanley restated an “overweight” rating on shares of Endeavour Mining in a research report on Monday, January 12th. Scotiabank reaffirmed an “outperform” rating on shares of Endeavour Mining in a report on Monday. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Mining in a report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on Endeavour Mining

Endeavour Mining Trading Down 9.0%

Endeavour Mining stock traded down $5.47 during trading hours on Friday, hitting $55.51. The stock had a trading volume of 14,964 shares, compared to its average volume of 24,443. Endeavour Mining has a fifty-two week low of $19.23 and a fifty-two week high of $65.76. The company has a 50-day moving average of $51.66 and a two-hundred day moving average of $42.56.

About Endeavour Mining

(Get Free Report)

Endeavour Mining is a gold production company with primary operations across West Africa. The company focuses on the exploration, development and extraction of gold resources, operating a portfolio of mines and development projects in Côte d’Ivoire, Burkina Faso and Mali. Production is complemented by regional exploration programs designed to identify additional gold deposits and extend mine life across its project portfolio.

Key operating assets include the Ity and Agbaou mines in Côte d’Ivoire, the Houndé mine in Burkina Faso and the Kalana project in Mali.

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