McEwen Mining June 15th Short Interest Update

McEwen Mining (NYSE:MUX), A rise of 316,181 shares or 2.1% was seen in the short interest of McEwen Mining Inc.. Even as the interest increased from 15,362,688 shares on May 31,2016 to 15,678,869 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 7.9% of the stocks floats. The stock has seen an average daily volume of 3,959,805 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

McEwen Mining (NYSE:MUX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.76 and $3.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.61, notching a gain of 4.94% for the day. The total traded volume was 7,429,771 . The stock had closed at $3.44 on the previous day.

The company shares have rallied 270.26% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $3.82 and the one year low was seen on Jul 24, 2015. The 50-Day Moving Average price is $2.75 and the 200 Day Moving Average price is recorded at $1.93.

McEwen Mining (NYSE:MUX) has climbed 8.73% in the past week and advanced 63.35% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 10.54% and the outperformance has advanced to 68.29% for the last 4 weeks period.

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its operating segments include Argentina, Mexico and the United States. It has a land position consisting of mining claims, leases of mining claims or concessions of around 814 square miles in Argentina, 697 square miles in Mexico and 241 square miles in Nevada. It holds around 49% interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina, which is controlled by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa, Mexico. In addition to its operating properties, it also holds interests in numerous exploration stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.

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