Intrepid Potash Inc (NYSE:IPI) has shown a rise of 2.7% or 176,518 shares in the short positions. The bets have increased to 6,764,399 shares on June 15,2016 from 6,587,881 shares on May 31,2016. With respect to the floated shares, the shorts are 12.4%. The days to cover are calculated to be 3, using the standard per day volume of 1,938,234 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Intrepid Potash Inc (NYSE:IPI): The stock opened at $1.66 on Friday but the bulls could not build on the opening and the stock topped out at $1.73 for the day. The stock traded down to $1.60 during the day, due to lack of any buying support eventually closed down at $1.66 with a loss of -8.29% for the day. The stock had closed at $1.81 on the previous day. The total traded volume was 7,762,334 shares.
The company shares have dropped -85.87% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $12.02 and the one year low was seen on Mar 1, 2016. The 50-Day Moving Average price is $1.36 and the 200 Day Moving Average price is recorded at $1.72.
Intrepid Potash Inc (NYSE:IPI) has climbed 7.1% in the past week and advanced 29.69% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.87% and the outperformance has advanced to 33.61% for the last 4 weeks period.
Intrepid Potash, Inc. is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States. The Company sells potash and Trio into the agricultural market as a fertilizer. The Company also sells produce salt, magnesium chloride and metal recovery salts from its potash mining processes. The Company owns three solution mining facilities and two conventional underground facilities that are utilized for producing potash. Its solution mining production comes from the HB solar solution mine near Carlsbad, New Mexico, a solar solution mine near Moab, Utah and a solar evaporation shallow brine mine in Wendover, Utah. The Companys conventional production comes from its underground West and East mines near Carlsbad, New Mexico, which services the West and HB mines.