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

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 16,920,000 shares, a growth of 9.7% from the December 31st total of 15,420,000 shares. Based on an average daily volume of 4,580,000 shares, the short-interest ratio is presently 3.7 days. Approximately 4.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Equinox Gold

A number of hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in Equinox Gold during the second quarter worth approximately $116,000. The Manufacturers Life Insurance Company raised its holdings in Equinox Gold by 26.2% during the second quarter. The Manufacturers Life Insurance Company now owns 297,840 shares of the company’s stock worth $1,552,000 after purchasing an additional 61,774 shares in the last quarter. Net Worth Advisory Group bought a new stake in Equinox Gold during the third quarter worth approximately $188,000. Veracity Capital LLC bought a new stake in Equinox Gold during the third quarter worth approximately $61,000. Finally, Bayshore Asset Management LLC bought a new stake in Equinox Gold during the third quarter worth approximately $365,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX stock traded up $0.50 during midday trading on Monday, reaching $6.57. The company had a trading volume of 15,438,213 shares, compared to its average volume of 7,475,115. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold has a fifty-two week low of $3.95 and a fifty-two week high of $6.65. The company has a market cap of $2.99 billion, a P/E ratio of 13.41 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX) last issued its 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). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The company had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. As a group, analysts anticipate that Equinox Gold will post 0.36 EPS for the current year.

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.