Yamana Gold (NYSE:AUY) reported a rise of 3.6% or 890,269 shares in its short interest. The short figure came in at 2.7% of the total floats. The average daily volume of 14,431,565 shares suggests that the days to cover 25,942,971 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 25,052,702 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Yamana Gold (NYSE:AUY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.26 and $5.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.10, notching a gain of 5.15% for the day. The total traded volume was 19,886,544 . The stock had closed at $4.85 on the previous day.
The company shares have rallied 73.47% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $5.38 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.73 and the 200 Day Moving Average price is recorded at $3.25.
Yamana Gold (NYSE:AUY) has climbed 5.59% in the past week and advanced 22.3% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 7.34% and the outperformance has advanced to 26% for the last 4 weeks period.
Yamana Gold Inc. is a Canada-based gold producer. The Company is engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. The Companys production mines include Chapada, Brazil; El Penon, Chile; Canadian Malartic, Canada; Mercedes, Mexico; Gualcamayo, Argentina; Jacobina, Brazil; Minera Florida, Chile, and Other Producing Mines. Its development properties include Cerro Moro, Agua Rica and Suyai in Argentina. The Company has a total gold proven and probable mineral resource of around 18.750 million tons at Alumbrera, 126.95 million tons at Canadian Malartic, 509.15 million tons at Chapada, 1.96 million tons at Cerro Morro, 10.41 million tons at El Penon, 29.16 million tons at Gualcamayo, 22.85 million tons at Jacobina, 8.68 million tons at Jeronimo, 4.01 million tons at Mercedes, 7.89 million tons at Minera Florida, 24.03 million tons at C1-Santa Luz, 2.05 million tons at Fazenda Brasileiro and 10.58 million tons at Pilar.