Tahoe Resources (NYSE:TAHO) reported a rise of 8.5% or 211,763 shares in its short interest. The short figure came in at 0.9% of the total floats. The average daily volume of 1,968,102 shares suggests that the days to cover 2,704,039 short positions, as on June 15,2016, will be 1. On May 31,2016, the short interest was 2,492,276 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Tahoe Resources (NYSE:TAHO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.01 and $13.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.86, notching a gain of 4.45% for the day. The total traded volume was 6,280,160 . The stock had closed at $13.27 on the previous day.
The company shares have rallied 9.31% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $14.29 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.91 and the 200 Day Moving Average price is recorded at $10.50.
Tahoe Resources (NYSE:TAHO) has climbed 3.98% in the past week and advanced 17.36% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.7% and the outperformance has advanced to 20.91% for the last 4 weeks period.
Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The Companys principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver, gold, lead and zinc, with an associated epithermal suite of elements, within quartz and quartz-carbonate veins. It is also engaged in the acquisition, exploration, development and operation of mineral properties in the Americas for the mining of precious metals. The Company produces metal-bearing concentrates. Silver, gold, lead and zinc are recovered by differential flotation, producing silver-rich lead concentrates and zinc concentrates, which are sold to third-party smelters under concentrate sales arrangements.