Gold Resource Corporation June 15th Short Interest Update

Gold Resource Corporation (NYSEMKT:GORO) has shown a rise of 8.4% or 132,530 shares in the short positions. The bets have increased to 1,702,028 shares on June 15,2016 from 1,569,498 shares on May 31,2016. With respect to the floated shares, the shorts are 3.3%. The days to cover are calculated to be 2, using the standard per day volume of 790,924 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Gold Resource Corporation (NYSEMKT:GORO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.73 and $3.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.45, notching a gain of 5.83% for the day. The total traded volume was 5,438,177 . The stock had closed at $3.26 on the previous day.

The company shares have rallied 18.15% from its 1 Year high price. On May 18, 2016, the shares registered one year high at $3.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.36 and the 200 Day Moving Average price is recorded at $2.41.

Gold Resource Corporation (NYSEMKT:GORO) has climbed 3.29% in the past week and advanced 15.77% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.01% and the outperformance has advanced to 19.28% for the last 4 weeks period.

Gold Resource Corporation is a mining company. The Company is engaged in the exploration, production and evaluation of precious and base metal properties. It is a producer of metal concentrates that contain gold, silver, copper, lead and zinc. The Company has 100% interest in six potential high-grade gold and silver properties at its producing Oaxaca, Mexico Mining Unit and exploration properties at its Nevada, the United States, Mining Unit. Its flagship project is the El Aguila Project, where the La Arista underground polymetallic deposit is in production. The La Arista deposit produces gold and silver, as well as the base metals copper, lead and zinc. The mill production totaled approximately 83,903 ounces of precious metal gold equivalent from the La Arista mine. The El Aguila Project comprises 17 mining concessions aggregating to approximately 30,074 hectares. The Companys mineral properties are classified into two categories: Operating Properties and Exploration Properties.

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