Avino Silver & Gold Mines Ltd. (ASM) Sees Significant Growth in Short Interest
Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,329,594 shares, a growth of 1.2% from the November 15th total of 1,313,515 shares. Based on an average daily volume of 133,207 shares, the days-to-cover ratio is currently 10.0 days. Approximately 3.1% of the company’s stock are short sold.
An institutional investor recently raised its position in Avino Silver & Gold Mines stock. Bard Associates Inc. grew its stake in Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 787,750 shares of the basic materials company’s stock after purchasing an additional 3,500 shares during the quarter. Bard Associates Inc. owned approximately 1.50% of Avino Silver & Gold Mines worth $1,260,000 as of its most recent SEC filing.
Several brokerages recently commented on ASM. HC Wainwright set a $4.00 target price on shares of Avino Silver & Gold Mines and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research cut shares of Avino Silver & Gold Mines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Noble Financial reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Avino Silver & Gold Mines currently has an average rating of “Buy” and an average price target of $3.75.
Avino Silver & Gold Mines Company Profile
Avino Silver and Gold Mines Ltd is a Canada-based resource company. It is focused on silver, gold, and copper exploration, extraction and processing. It extracts resources and processes a bulk concentrate at the San Gonzalo Mine and a copper concentrate from the Avino Mine, both of which are located on the Avino property in Durango, Mexico.
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