Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 1,259,608 shares, a drop of 1.0% from the February 15th total of 1,272,439 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average trading volume of 99,715 shares, the short-interest ratio is presently 12.6 days.
An institutional investor recently raised its position in Avino Silver & Gold Mines stock. OppenheimerFunds Inc. boosted its stake in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,270,000 shares of the basic materials company’s stock after purchasing an additional 42,800 shares during the quarter. OppenheimerFunds Inc. owned 4.31% of Avino Silver & Gold Mines worth $3,042,000 at the end of the most recent quarter.
Several brokerages recently weighed in on ASM. HC Wainwright set a $4.00 price objective on shares of Avino Silver & Gold Mines and gave the company a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Avino Silver & Gold Mines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Noble Financial restated a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Tuesday, January 16th.
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Avino Silver & Gold Mines Company Profile
Avino Silver & Gold Mines Ltd is a Canada-based resource company. It is focused on silver, gold, and copper exploration, extraction and processing. It extracts resources and processes a bulk concentrate at the San Gonzalo Mine and a copper concentrate from the Avino Mine, both of which are located on the Avino property in Durango, Mexico.
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