Eldorado Gold Corporation June 15th Short Interest Update

Eldorado Gold Corporation (NYSE:EGO) has seen a rise of 1,765,796 shares or 33.6% in the short interest. The remaining shorts are 1% of the total floated shares. The net short interest, as on June 15,2016, stood at 7,026,960 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 7,799,337 shares. On May 31,2016, 5,261,164 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Eldorado Gold Corporation (NYSE:EGO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.60 and $4.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.40, notching a gain of 4.76% for the day. The total traded volume was 10,052,441 . The stock had closed at $4.20 on the previous day.

The company shares have rallied 8.91% from its 1 Year high price. On May 17, 2016, the shares registered one year high at $5.16 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $4.45 and the 200 Day Moving Average price is recorded at $3.45.

Eldorado Gold Corporation (NYSE:EGO) has climbed 5.52% in the past week and advanced 4.02% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 7.27% and the outperformance has advanced to 7.17% for the last 4 weeks period.

Eldorado Gold Corporation owns and operates mines around the world. The Companys activities involve various facets of the mining industry, including exploration, development, production and reclamation. Its operating gold mines include Kisladag in Turkey (100%), Efemcukuru in Turkey (100%), Tanjianshan in China (90%), White Mountain in China (95%) and Jinfeng in China (82%). Its gold projects include Perama Hill in Greece (100%), Olympias in Greece (95%), Skouries in Greece (95%), Certej in Romania (81%), Eastern Dragon in China (75%) and Tocantinzinho in Brazil (100%). Its other operating mines include Stratoni Lead and Zinc Concentrates in Greece (95%) and Vila Nova Iron Ore in Brazil (100%). The Company has completed an exploration program in Romania at the Bocsa, Magura, Muncel, Brad and Deva projects, which are situated in the Apuseni district near the Certej deposit.

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