Avino Silver & Gold Mines Sees Significant Growth in Short Interest (ASM)
Avino Silver & Gold Mines (NYSE:ASM) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 346,564 shares, an increase of 15.6% from the July 31st total of 299,881 shares, AnalystRatings.Net reports. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 152,129 shares, the days-to-cover ratio is presently 2.3 days.
Separately, analysts at HC Wainwright initiated coverage on shares of Avino Silver & Gold Mines in a research note on Friday, May 30th. They set a “buy” rating and a $2.10 price target on the stock.
Shares of Avino Silver & Gold Mines (NYSE:ASM) opened at 1.95 on Wednesday. Avino Silver & Gold Mines has a 1-year low of $0.85 and a 1-year high of $2.84. The stock’s 50-day moving average is $2.17 and its 200-day moving average is $1.94. The company has a market cap of $63.6 million and a price-to-earnings ratio of 139.29.
Avino Silver & Gold Mines Ltd. (NYSE:ASM) is a natural resource company, primarily engaged in the acquisition, exploration and development of natural resource properties.
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