Endeavour Mining plc (OTCMKTS:EDVMF) Short Interest Update

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

Endeavour Mining Trading Up 0.5%

Shares of Endeavour Mining stock traded up $0.26 on Monday, reaching $55.77. 10,131 shares of the stock were exchanged, compared to its average volume of 23,759. Endeavour Mining has a 1-year low of $19.60 and a 1-year high of $65.76. The business has a fifty day moving average price of $51.66 and a two-hundred day moving average price of $42.73.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Endeavour Mining in a report on Sunday, December 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Mining in a research report on Friday, October 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Endeavour Mining in a report on Monday, January 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Endeavour Mining in a research report on Monday, January 26th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Endeavour Mining

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.