Tahoe Resources (TAHO) has 3,736,016 shares of shorts outstanding as on August 15, 2016, with 2 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,786,836 shares. The stock has a decent trading volume of 1,635,888 shares daily. The marginal decrease in the short positions is by -1.3%, which amounts to -50,820 shares. Short positions are 1.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Tahoe Resources (NYSE:TAHO): The stock opened at $14.10 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.13 for the day. The stock traded down to $13.35 during the day, due to lack of any buying support eventually closed down at $13.43 with a loss of -5.95% for the day. The stock had closed at $14.28 on the previous day. The total traded volume was 3,048,930 shares.
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.