U.S. Silica Holdings (NYSE:SLCA) has seen a rise of 748,060 shares or 6.4% in the short interest. The remaining shorts are 21.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 12,397,845 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 2,696,954 shares. On May 31,2016, 11,649,785 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
U.S. Silica Holdings (NYSE:SLCA): The stock opened at $33.30 on Friday but the bulls could not build on the opening and the stock topped out at $34.85 for the day. The stock traded down to $33.28 during the day, due to lack of any buying support eventually closed down at $34.39 with a loss of -3.40% for the day. The stock had closed at $35.60 on the previous day. The total traded volume was 2,220,278 shares.
The company shares have rallied 19.41% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $35.66 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $29.75 and the 200 Day Moving Average price is recorded at $22.50.
U.S. Silica Holdings (NYSE:SLCA) has climbed 3.21% in the past week and advanced 18.63% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.92% and the outperformance has advanced to 22.22% for the last 4 weeks period.
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.