First Majestic Silver June 15th Short Interest Update

The short interest in First Majestic Silver (NYSE:AG) has increased from 12,797,989 on May 31,2016 to 14,278,529 on June 15,2016. The change was measured at 1,480,540 shares or 11.6%. The leftover shorts were 9.4% of the floated shares. The days to cover are 3, given the average daily volume of 5,007,718 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

First Majestic Silver (NYSE:AG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.27 and $12.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.07, notching a gain of 5.40% for the day. The total traded volume was 7,128,008 . The stock had closed at $12.40 on the previous day.

The company shares have rallied 168.93% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $13.57 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.51 and the 200 Day Moving Average price is recorded at $6.79.

First Majestic Silver (NYSE:AG) has climbed 6.69% in the past week and advanced 26.28% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.46% and the outperformance has advanced to 30.1% for the last 4 weeks period.

First Majestic Silver Corp is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company has eight segments, including five operating segments located in Mexico, one development project in Mexico, one retail market segment in Canada and one silver trading segment in Europe. Corporate and eliminations consists primarily of the Companys other exploration properties. All of the Companys operations are within the mining industry and its products are silver dore, silver?lead and silver?zinc concentrates. Its mine and properties include La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, La Luz Silver Project, Plomosas Silver Project and Jalisco Group of Properties. It other properties include the Penasco Quemado Silver Project, the La Frazada Silver Project and the Los Lobos Silver Project in the State of Sonora.

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