Mines Management Sees Large Increase in Short Interest (MGN)
Shares of Mines Management (NYSE:MGN) were the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 527,942 shares, an increase of 3.0% from the July 31st total of 512,395 shares, AnalystRatingsNetwork.com reports. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 48,376 shares, the short-interest ratio is currently 10.9 days.
Mines Management (NYSE:MGN) opened at 0.73 on Friday. Mines Management has a one year low of $0.48 and a one year high of $1.80. The stock has a 50-day moving average of $0.86 and a 200-day moving average of $1.09. The company’s market cap is $21.6 million.
Mines Management, Inc (NYSE:MGN) is engaged in the business of acquiring and exploring, and developing mineral properties, primarily those containing silver and associated base and precious metals.
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