Silver Standard Resources (SSRI) has 4,183,085 shares of shorts outstanding as on August 15, 2016, with 2 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,652,746 shares. The stock has a decent trading volume of 2,222,878 shares daily. The marginal decrease in the short positions is by -10.1%, which amounts to -469,661 shares. Short positions are 3.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Silver Standard Resources (NASDAQ:SSRI): The stock opened at $14.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.45 for the day. The stock traded down to $13.02 during the day, due to lack of any buying support eventually closed down at $13.09 with a loss of -10.59% for the day. The stock had closed at $14.64 on the previous day. The total traded volume was 3,325,254 shares.
Silver Standard Resources Inc. is a resource company. The Company is focused on the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. As of February 18, 2015, the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina, and gold production from the Marigold mine in Nevada, the United States. The Companys development projects include San Lius, Peru; Pitarrilla, Mexico, and Diablillos, Argentina. Its exploration projects consist of Berenguela, Peru; Candelaria, the United States; Maverick Springs, the United States; San Marcial, Mexico; Sunrise Lake, Canada, and Parral Mining District, Mexico.