What’s in Mcewen Mining Inc (NYSE:MUX) After Rise in Shorted Shares?

May 11, 2018 - By Ellis Scott

McEwen Mining Inc. (NYSE:MUX) Logo

The stock of Mcewen Mining Inc (NYSE:MUX) registered an increase of 1.39% in short interest. MUX’s total short interest was 49.15M shares in May as published by FINRA. Its up 1.39% from 48.47 million shares, reported previously. With 2.61 million shares average volume, it will take short sellers 19 days to cover their MUX’s short positions. The short interest to Mcewen Mining Inc’s float is 19.63%.

The stock 0.23% or $0 during the last trading session, reaching $2.22. It is down 33.02% since May 11, 2017 and is downtrending. It has underperformed by 44.57% the S&P500.

McEwen Mining Inc. explores for, develops, produces, and sells gold, silver, and copper ores in Argentina, Mexico, and the United States. The company has market cap of $750.02 million. The Company’s principal asset consists of a 49% interest in the San José mine in Santa Cruz, Argentina. It currently has negative earnings. The companyÂ’s principal assets also include 100% interest in the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina.

McEwen Mining Inc. (NYSE:MUX) Ratings Coverage

Among 2 analysts covering McEwen Mining (NYSE:MUX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. McEwen Mining had 3 analyst reports since December 11, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 16 by H.C. Wainwright. The stock of McEwen Mining Inc. (NYSE:MUX) earned “Buy” rating by Roth Capital on Tuesday, January 16.

Another recent and important McEwen Mining Inc. (NYSE:MUX) news was published by Seekingalpha.com which published an article titled: “McEwen Mining’s (MUX) CEO Robert McEwen on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018.

McEwen Mining Inc. (NYSE:MUX) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.