Short Interest in Avino Silver & Gold Mines Ltd (ASM) Decreases By 11.9%

Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) saw a large decrease in short interest in the month of 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 presently 4.9 days.

Several equities research analysts have recently weighed in on ASM shares. HC Wainwright set a $3.00 price objective on Avino Silver & Gold Mines and gave the company a “buy” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Noble Financial downgraded Avino Silver & Gold Mines to a “hold” rating in a report on Thursday, September 13th. Finally, Noble Capital Markets downgraded Avino Silver & Gold Mines from an “outperform” rating to a “market perform” rating in a report on Thursday, September 13th.

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

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

An institutional investor recently raised its position in Avino Silver & Gold Mines stock. Bard Associates Inc. boosted its position in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 41.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,595,700 shares of the basic materials company’s stock after buying an additional 466,250 shares during the quarter. Bard Associates Inc. owned approximately 3.02% of Avino Silver & Gold Mines worth $1,979,000 as of its most recent SEC filing.

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Avino Silver & Gold Mines Company Profile

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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