Silver Standard Resources (SSRI): Price Target and June Short Interest Disclosure

Silver Standard Resources (SSRI) : 4 Wall Street analysts covering Silver Standard Resources (SSRI) believe that the average level the stock could reach for the short term is $11.31. The maximum price target given is $14 and the minimum target for short term is around $8, hence the standard deviation is calculated at $2.72.

Silver Standard Resources (SSRI) stated gains of 1,713,590 shares or 44.5% in the short interest. The short interest registered from 3,848,571 on June 15,2016 to 5,562,161 on June 30,2016. In terms of floated shares, the shorted positions stood at 4.7%. The stock has been averaging 4,615,955 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 12th.

Also, National Bank initiates coverage on Silver Standard Resources (NASDAQ:SSRI) The current rating of the shares is Outperform. The rating by the firm was issued on June 29, 2016.


Silver Standard Resources (NASDAQ:SSRI): On Thursdays trading session , Opening price of the stock was $14.16 with an intraday high of $14.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.71. However, the stock managed to close at $14.54, a loss of 0.89% for the day. On the previous day, the stock had closed at $14.67. The total traded volume of the day was 3,148,599 shares.

Silver Standard Resources Inc. is a resource company. The Company is focused on the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. As of February 18, 2015, the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina, and gold production from the Marigold mine in Nevada, the United States. The Companys development projects include San Lius, Peru; Pitarrilla, Mexico, and Diablillos, Argentina. Its exploration projects consist of Berenguela, Peru; Candelaria, the United States; Maverick Springs, the United States; San Marcial, Mexico; Sunrise Lake, Canada, and Parral Mining District, Mexico.

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