Kinross Gold Corporation (NYSE:KGC) reported a rise of 53.3% or 9,814,079 shares in its short interest. The short figure came in at 2.3% of the total floats. The average daily volume of 14,173,992 shares suggests that the days to cover 28,226,978 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 18,412,899 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Kinross Gold Corporation (NYSE:KGC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.48 and $4.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.11, notching a gain of 4.29% for the day. The total traded volume was 23,131,712 . The stock had closed at $4.90 on the previous day.
The company shares have rallied 122.17% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $5.82 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.95 and the 200 Day Moving Average price is recorded at $3.40.
Kinross Gold Corporation (NYSE:KGC) has climbed 2.61% in the past week and advanced 20.8% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.31% and the outperformance has advanced to 24.46% for the last 4 weeks period.
Kinross Gold Corporation is a senior gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Companys segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Its gold is produced in the form of dore, which is shipped to refineries for final processing. It also produces and sells silver.