Iamgold Corporation June 15th Short Interest Update

Iamgold Corporation (NYSE:IAG) encountered a rise of 11.4% or 913,881 shares in the short positions. The number escalated from 8,007,820 on May 31,2016 to 8,921,701 on June 15,2016. The final interest is 2.2% of the floated stock. The days to cover figure of 1 can be arrived using the average daily exchange of 7,061,842 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Iamgold Corporation (NYSE:IAG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.35 and $4.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.27, notching a gain of 6.48% for the day. The total traded volume was 11,781,432 . The stock had closed at $4.01 on the previous day.

The company shares have rallied 105.29% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $4.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.71 and the 200 Day Moving Average price is recorded at $2.49.

Iamgold Corporation (NYSE:IAG) has climbed 10.62% in the past week and advanced 34.7% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.46% and the outperformance has advanced to 38.78% for the last 4 weeks period.

IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. The Company holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America. The Companys 90% owned Essakane Gold Mine mine is located in the Burkina Faso, West Africa. The Company holds 40% interest in the Sadiola Gold Mine, which is located in the Mali, North Western Africa. It also holds 40% interest in the Yatela Gold Mine, which is located in the Mali, North Western Africa. The Company also holds Greenfield exploration projects, which include the Boto Gold Project, the Siribaya exploration project and the Monster Lake project.

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