Avino Silver & Gold Mines Ltd (ASM) Short Interest Down 11.9% in October

Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,046,801 shares, a decrease of 11.9% from the October 15th total of 1,187,821 shares. Based on an average daily volume of 213,845 shares, the short-interest ratio is currently 4.9 days.

Shares of NYSEAMERICAN:ASM opened at $0.62 on Friday. Avino Silver & Gold Mines has a 1 year low of $0.55 and a 1 year high of $1.61.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last announced its quarterly earnings data on Wednesday, November 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $8.52 million during the quarter, compared to analyst estimates of $7.24 million.

A number of research firms have recently issued reports on ASM. HC Wainwright set a $3.00 target price on Avino Silver & Gold Mines and gave the company a “buy” rating in a report on Thursday. Noble Financial set a $2.00 target price on Avino Silver & Gold Mines and gave the company a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research lowered Avino Silver & Gold Mines from a “hold” rating to a “strong sell” rating in a report on Friday, July 20th. Finally, Noble Capital Markets lowered Avino Silver & Gold Mines from an “outperform” rating to a “market perform” rating in a report on Thursday, September 13th.

A hedge fund recently raised its stake in Avino Silver & Gold Mines stock. Bard Associates Inc. increased its position in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 41.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,595,700 shares of the basic materials company’s stock after acquiring an additional 466,250 shares during the period. Bard Associates Inc. owned about 3.02% of Avino Silver & Gold Mines worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

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About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties. The company owns interest in the Avino property, which contains 42 mineral claims and leases 4 mineral claims covering an area of approximately 1,104 hectares in the state of Durango, Mexico.

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