Pan American Silver June 15th Short Interest Update

Pan American Silver (NASDAQ:PAAS) has witnessed a rise of 59.2% or 2,376,782 shares in its short figure. The short interest augmentation took it from 4,013,915 on May 31,2016 to 6,390,697 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4.2%. The days to cover are 2 given that the daily volume averaged 3,048,476 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Pan American Silver (NASDAQ:PAAS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.08 and $15.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.27, notching a gain of 0.39% for the day. The total traded volume was 6,096,360 . The stock had closed at $15.21 on the previous day.

The company shares have rallied 73.72% from its 1 Year high price. On May 17, 2016, the shares registered one year high at $16.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $14.93 and the 200 Day Moving Average price is recorded at $10.79.

Pan American Silver (NASDAQ:PAAS) has climbed 1.6% in the past week and advanced 11.7% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.28% and the outperformance has advanced to 15.09% for the last 4 weeks period.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Companys principal product is silver, and also produces and sells gold, zinc, lead, and copper. It is engaged in mining operations and is developing mining projects in Mexico, Peru, Argentina and Bolivia, and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Companys principal products and sources of sales are silver and gold ore, as well as silver bearing zinc, lead, and copper concentrates. It operates, among others, the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo and San Vicente mines.

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