Potash Corporation of Saskatchewan (NYSE:POT) encountered a rise of 9.5% or 3,391,489 shares in the short positions. The number escalated from 35,692,529 on May 31,2016 to 39,084,018 on June 15,2016. The final interest is 4.7% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 9,743,122 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Potash Corporation of Saskatchewan (NYSE:POT): The stock opened at $16.64 on Friday but the bulls could not build on the opening and the stock topped out at $17.38 for the day. The stock traded down to $16.58 during the day, due to lack of any buying support eventually closed down at $16.87 with a loss of -3.49% for the day. The stock had closed at $17.48 on the previous day. The total traded volume was 12,371,858 shares.
The company shares have dropped -45.48% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $31.38 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $16.66 and the 200 Day Moving Average price is recorded at $16.90.
Potash Corporation of Saskatchewan (NYSE:POT) has tumbled 0.35% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.81% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.3% and the outperformance has advanced to 4.89% for the last 4 weeks period.
Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash, nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Companys phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.