Newmont Mining Corporation (NYSE:NEM) stated loss of 2,956,459 shares or 23.2% in the short interest. The short interest registered from 12,744,383 on May 31,2016 to 9,787,924 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.9%. The stock has been averaging 8,049,952 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Newmont Mining Corporation (NYSE:NEM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.50 and $36.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.19, notching a gain of 5.09% for the day. The total traded volume was 13,572,676 . The stock had closed at $35.39 on the previous day.
The company shares have rallied 58.05% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $38.68 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $34.35 and the 200 Day Moving Average price is recorded at $26.75.
Newmont Mining Corporation (NYSE:NEM) has climbed 4.32% in the past week and advanced 16.36% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.05% and the outperformance has advanced to 19.89% for the last 4 weeks period.
Newmont Mining Corporation (Newmont) is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Suriname. The Companys business segments include North America, South America, Asia Pacific and Africa. The Companys North America segment consists primarily of Carlin, Phoenix, CC&V and Twin Creeks in the state of Nevada in the United States. The Companys South America segment consists primarily of Yanacocha in Peru. The Companys Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia, and Batu Hijau in Indonesia. The Companys Africa segment consists primarily of Ahafo and Akyem in Ghana. The Companys product at its gold operations is dore bars. Dore is an alloy consisting primarily of gold, as well as silver and other metals.