Short Interest in Endeavour Mining plc (OTCMKTS:EDVMF) Declines By 13.3%

Endeavour Mining plc (OTCMKTS:EDVMF) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 1,887,300 shares, a decline of 13.3% from the February 28th total of 2,175,900 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is presently 35.7 days.

Analyst Upgrades and Downgrades

Separately, TD Securities began coverage on Endeavour Mining in a research report on Tuesday, February 4th. They issued a “buy” rating for the company.

Endeavour Mining Stock Performance

Shares of OTCMKTS EDVMF opened at $23.89 on Wednesday. Endeavour Mining has a one year low of $17.51 and a one year high of $25.37. The business has a 50-day moving average price of $21.53 and a two-hundred day moving average price of $21.12.

Endeavour Mining Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $0.57 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Endeavour Mining’s previous dividend of $0.41.

Endeavour Mining Company Profile

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d'Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.