Stillwater Mining Company (NYSE:SWC), A drop of 1,659,073 shares or 11.1% was seen in the short interest of Stillwater Mining Co. Even as the interest dropped from 14,927,933 shares on May 31,2016 to 13,268,860 shares on June 15,2016, the days to cover came in at 11. The updated interest stood at 11% of the stocks floats. The stock has seen an average daily volume of 1,251,685 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Stillwater Mining Company (NYSE:SWC): The stock opened at $11.55 on Friday but the bulls could not build on the opening and the stock topped out at $11.65 for the day. The stock traded down to $10.44 during the day, due to lack of any buying support eventually closed down at $10.65 with a loss of -4.57% for the day. The stock had closed at $11.16 on the previous day. The total traded volume was 3,057,015 shares.
The company shares have dropped -9.21% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $12.84 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.27 and the 200 Day Moving Average price is recorded at $9.26.
Stillwater Mining Company (NYSE:SWC) has climbed 1.24% in the past week and advanced 9.01% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.92% and the outperformance has advanced to 12.31% for the last 4 weeks period.
Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals or PGMs) produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources. The Company is also engaged in expanding its mining operations on the J-M Reef, and holds the Marathon PGM-copper property adjacent to Lake Superior in northern Ontario, Canada and the Altar copper-gold property in the province of San Juan, Argentina. It operates five reportable business segments: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. It conducts mining operations at its Stillwater Mine near Nye, Montana and at its East Boulder Mine south of Big Timber, Montana.