Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Up 9.7% in December

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 16,920,000 shares, a growth of 9.7% from the December 15th total of 15,420,000 shares. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.4% of the shares of the stock are sold short.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX traded down $0.02 during mid-day trading on Friday, reaching $5.84. The stock had a trading volume of 5,602,492 shares, compared to its average volume of 4,037,015. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.92 and a beta of 1.30. Equinox Gold has a one year low of $3.95 and a one year high of $6.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $428.40 million during the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The firm’s quarterly revenue was up 50.5% on a year-over-year basis. On average, sell-side analysts predict that Equinox Gold will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of Equinox Gold by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock valued at $138,000 after buying an additional 3,528 shares during the period. Northwest & Ethical Investments L.P. increased its stake in shares of Equinox Gold by 20.4% during the third quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock valued at $151,000 after buying an additional 4,198 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Equinox Gold by 30.2% during the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock valued at $113,000 after purchasing an additional 5,000 shares in the last quarter. Harvest Portfolios Group Inc. boosted its position in shares of Equinox Gold by 5.2% during the third quarter. Harvest Portfolios Group Inc. now owns 108,963 shares of the company’s stock valued at $665,000 after purchasing an additional 5,418 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Equinox Gold during the third quarter valued at approximately $43,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.