Short Interest in Equinox Gold Corp. (NYSEAMERICAN:EQX) Increases By 9.7%

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

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $6.57 on Tuesday. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.65. The company has a market capitalization of $2.99 billion, a PE ratio of 13.41 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The company had revenue of $428.40 million for the quarter, compared to the consensus estimate of $437.84 million. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. Sell-side analysts forecast that Equinox Gold will post 0.36 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwest & Ethical Investments L.P. lifted its position in Equinox Gold by 20.4% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock worth $151,000 after buying an additional 4,198 shares in the last quarter. Harvest Portfolios Group Inc. lifted its position in Equinox Gold by 5.2% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 108,963 shares of the company’s stock worth $665,000 after buying an additional 5,418 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Equinox Gold during the 3rd quarter worth about $43,000. Joel Isaacson & Co. LLC bought a new stake in Equinox Gold during the 3rd quarter worth about $61,000. Finally, Synovus Financial Corp bought a new stake in Equinox Gold during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

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.