Hecla Mining Company (NYSE:HL) has seen a shortfall of 2,763,363 shares or 7.2% in the short interest. The remaining shorts are 9.5% of the total floated shares. The net short interest, as on June 15,2016, stood at 35,647,092 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 9,490,975 shares. On May 31,2016, 38,410,455 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Hecla Mining Company (NYSE:HL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.83 and $4.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.72, notching a gain of 1.29% for the day. The total traded volume was 13,846,568 . The stock had closed at $4.66 on the previous day.
The company shares have rallied 72.26% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $4.85 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.33 and the 200 Day Moving Average price is recorded at $2.97.
Hecla Mining Company (NYSE:HL) has climbed 4.89% in the past week and advanced 20.72% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.63% and the outperformance has advanced to 24.37% for the last 4 weeks period.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idahos Silver Valley, which is located in Coeur dAlene Mining District; Greens Creek unit on Alaskas Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition, the Company owns Rock Creek Project, a silver and copper deposit, which is located in North America.