The short interest in Coeur Mining (NYSE:CDE) has declined from 15,408,917 on May 31,2016 to 13,889,664 on June 15,2016. The change was measured at 1,519,253 shares or 9.9%. The leftover shorts were 9.2% of the floated shares. The days to cover are 3, given the average daily volume of 4,745,822 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Coeur Mining (NYSE:CDE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.08 and $9.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.95, notching a gain of 4.96% for the day. The total traded volume was 12,220,540 . The stock had closed at $9.48 on the previous day.
The company shares have rallied 82.23% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $10.22 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.33 and the 200 Day Moving Average price is recorded at $5.19.
Coeur Mining (NYSE:CDE) has climbed 6.99% in the past week and advanced 36.68% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.76% and the outperformance has advanced to 40.81% for the last 4 weeks period.
Coeur Mining, Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia, and exploration projects in Mexico and Argentina. The Companys segments include Palmarejo, San Bartolome, Rochester, Kensington, La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. The San Bartolome silver mine, operated by Manquiri, is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County, Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State, Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.