What Next for Mag Silver Corporation Ordinary Shares (NYSEAMERICAN:MAG) Stock After Decrease in Shorted Shares?

June 1, 2018 - By Vivian Park


The stock of Mag Silver Corporation Ordinary Shares (NYSEAMERICAN:MAG) registered a decrease of 7.77% in short interest. MAG’s total short interest was 2.79 million shares in June as published by FINRA. Its down 7.77% from 3.03 million shares, reported previously. With 182,700 shares average volume, it will take short sellers 15 days to cover their MAG’s short positions. The short interest to Mag Silver Corporation Ordinary Shares’s float is 3.96%.

The stock decreased 0.17% or $0.02 during the last trading session, reaching $11.65. About 21,986 shares traded. MAG Silver Corp. (NYSEAMERICAN:MAG) has risen 3.92% since June 1, 2017 and is uptrending. It has underperformed by 8.65% the S&P500.

MAG Silver Corp., an exploration and development company, focuses on acquiring, exploring, and development of district scale projects located in the Mexican Silver Belt. The company has market cap of $966.41 million. It explores for copper, gold, silver, lead, and zinc deposits. It currently has negative earnings. The companyÂ’s principal asset is the Juanicipio property comprising a single concession covering 7,679.21 hectares located in central Zacatecas State, Mexico.

MAG Silver Corp. (NYSEAMERICAN:MAG) Ratings Chart

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