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

Endeavour Mining plc (OTCMKTS:EDVMF) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,887,300 shares, a decline of 13.3% from the February 28th total of 2,175,900 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is presently 35.7 days.

Wall Street Analysts Forecast Growth

Separately, TD Securities assumed coverage on Endeavour Mining in a research note on Tuesday, February 4th. They set a “buy” rating for the company.

Endeavour Mining Stock Down 0.3 %

OTCMKTS:EDVMF opened at $23.83 on Thursday. Endeavour Mining has a 52-week low of $17.51 and a 52-week high of $25.37. The business’s 50-day moving average price is $21.62 and its 200 day moving average price is $21.14.

Endeavour Mining Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $0.57 dividend. This is an increase from Endeavour Mining’s previous dividend of $0.41. The ex-dividend date is Friday, March 14th.

Endeavour Mining Company Profile

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.