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

Endeavour Mining plc (OTCMKTS:EDVMF) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,995,471 shares, a decrease of 35.3% from the April 15th total of 3,082,899 shares. Based on an average trading volume of 6,495 shares, the days-to-cover ratio is currently 307.2 days.

Endeavour Mining Price Performance

EDVMF traded down $1.52 during trading on Tuesday, reaching $60.41. The stock had a trading volume of 1,616 shares, compared to its average volume of 32,271. The stock’s 50 day moving average is $60.95 and its two-hundred day moving average is $55.43. Endeavour Mining has a one year low of $27.30 and a one year high of $72.18.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EDVMF shares. Scotiabank restated an “outperform” rating on shares of Endeavour Mining in a report on Monday, January 26th. Morgan Stanley reissued an “overweight” rating on shares of Endeavour Mining in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Mining in a research report on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Endeavour Mining Company Profile

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.