Silver Wheaton Corp (NYSE:SLW), According to the latest information the short interest in Silver Wheaton plummeted by 4.4% or 310,379 shares. The final shorts are 1.5% of the total floated shares. The positions dropped from 7,104,307 shares on May 31,2016 to 6,793,928 on June 15,2016. According to the per-day average trading of 5,728,510 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Silver Wheaton Corp (NYSE:SLW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.75 and $20.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.29, notching a gain of 2.21% for the day. The total traded volume was 8,117,277 . The stock had closed at $20.83 on the previous day.
The company shares have rallied 22.08% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $22.19 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.83 and the 200 Day Moving Average price is recorded at $16.25.
Silver Wheaton Corp (NYSE:SLW) has climbed 1.77% in the past week and advanced 16.98% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.46% and the outperformance has advanced to 20.52% for the last 4 weeks period.
Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31, 2014, Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to 27 different mining assets, whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract, generally at or below the prevailing market price. As of December 31, 2014, gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu, Lagunas Norte and Pierina in Peru; 777, Canada; Salobo, Brazil; Sudbury and Minto in Canada; Veladero, Argentina; Zinkgruvan, Sweden, and Neves-Corvo and Aljustrel in Portugal.