Cliffs Natural Resources June 15th Short Interest Update

Cliffs Natural Resources (NYSE:CLF) has witnessed a rise of 2.9% or 1,940,836 shares in its short figure. The short interest augmentation took it from 67,874,014 on May 31,2016 to 69,814,850 on June 15,2016. In terms of floated shares, the short interest was calculated to be 42.9%. The days to cover are 4 given that the daily volume averaged 15,525,985 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Cliffs Natural Resources (NYSE:CLF): The stock opened at $4.83 on Friday but the bulls could not build on the opening and the stock topped out at $5.07 for the day. The stock traded down to $4.80 during the day, due to lack of any buying support eventually closed down at $4.97 with a loss of -5.33% for the day. The stock had closed at $5.25 on the previous day. The total traded volume was 17,611,732 shares.

The company shares have rallied 3.76% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $5.83 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $4.08 and the 200 Day Moving Average price is recorded at $2.90.

Cliffs Natural Resources (NYSE:CLF) has climbed 1.22% in the past week and advanced 61.89% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.9% and the outperformance has advanced to 66.79% for the last 4 weeks period.

Cliffs Natural Resources Inc. is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company also produces low-volatile metallurgical coal in the United States from its mines located in Alabama and West Virginia. In addition, it operates an iron ore mining complex in Western Australia and owns two non-operating iron ore mines in Eastern Canada. The Company operates in segments: U.S. Iron Ore, Asia Pacific Iron Ore and North American Coal. In the United States, it operates five iron ore mines in Michigan and Minnesota and two metallurgical coal operations located in Alabama and West Virginia. Its Asia Pacific operations consist of its Koolyanobbing iron ore mining complex in Western Australia.

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