Short Interest Change: Stillwater Mining Company (NYSE:SWC) on Focus After Report of Less Shorts

November 17, 2016 - By Louis Casey   ·   0 Comments

Short Interest Change: Stillwater Mining Company (NYSE:SWC) on Focus After Report of Less Shorts

The stock of Stillwater Mining Company (NYSE:SWC) registered a decrease of 4.09% in short interest. SWC’s total short interest was 12.69M shares in November as published by FINRA. Its down 4.09% from 13.23M shares, reported previously. With 1.51M shares average volume, it will take short sellers 8 days to cover their SWC’s short positions. The short interest to Stillwater Mining Company’s float is 11.85%. The stock decreased 2.45% or $0.38 during the last trading session, hitting $15.11. Stillwater Mining Company (NYSE:SWC) has risen 34.31% since April 15, 2016 and is uptrending. It has outperformed by 29.69% the S&P500.

Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals, such as platinum group metals produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources. The company has a market cap of $1.88 billion. The Firm operates through five divisions: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. It has a 233.94 P/E ratio. The Mine Production segment consists of two business components: the Stillwater Mine and the East Boulder Mine.

Insitutional Activity: The institutional sentiment decreased to 0.75 in 2016 Q2. Its down 0.17, from 0.92 in 2016Q1. The ratio is negative, as 49 funds sold all Stillwater Mining Company shares owned while 38 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 146.95 million shares or 4.07% less from 153.18 million shares in 2016Q1.
Dubuque Financial Bank Co has 3,700 shares for 0.01% of their US portfolio. Moreover, Nationwide Fund Advsrs has 0% invested in Stillwater Mining Company (NYSE:SWC) for 88,502 shares. Oxford Asset Management has 30,549 shares for 0.02% of their US portfolio. Mark Sheptoff Planning Ltd Co accumulated 25 shares or 0% of the stock. Mcf Advsrs holds 0% or 500 shares in its portfolio. California Pub Employees Retirement System holds 0.01% of its portfolio in Stillwater Mining Company (NYSE:SWC) for 309,100 shares. Susquehanna Grp Inc Limited Liability Partnership holds 0% or 159,355 shares in its portfolio. Louisiana State Employees Retirement Sys has 0.03% invested in the company for 53,600 shares. Profund Advsr Limited Liability Co owns 78,218 shares or 0.05% of their US portfolio. Washington Tru Savings Bank owns 2,080 shares or 0.01% of their US portfolio. Goldman Sachs Gru Inc last reported 0% of its portfolio in the stock. Blair William And Il accumulated 0% or 30,789 shares. Gsa Capital Limited Liability Partnership has invested 0.04% of its portfolio in Stillwater Mining Company (NYSE:SWC). Tiaa Cref Mngmt Lc has 502,553 shares for 0% of their US portfolio. Exane Derivatives, a France-based fund reported 1 shares.

Stillwater Mining Company (NYSE:SWC) Ratings Coverage

Out of 6 analysts covering Stillwater Mining Company (NYSE:SWC), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $17 is the highest target while $9 is the lowest. The $13 average target is -13.96% below today’s ($15.11) stock price. Stillwater Mining Company has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Stillwater Mining Company (NYSE:SWC) has “Outperform” rating given on Wednesday, July 20 by FBR Capital. As per Thursday, June 9, the company rating was maintained by Bank of America. The firm earned “Underperform” rating on Wednesday, July 29 by Bank of America. IBC downgraded Stillwater Mining Company (NYSE:SWC) rating on Wednesday, October 14. IBC has “Sector Perform” rating and $11 price target. On Monday, December 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Sector Underperform” rating given on Friday, December 11 by IBC. As per Thursday, January 28, the company rating was upgraded by FBR Capital. The company was downgraded on Wednesday, February 24 by Goldman Sachs. FBR Capital initiated the shares of SWC in a report on Friday, September 18 with “Mkt Perform” rating.

SWC Company Profile

Stillwater Mining Company, incorporated on December 2, 1992, is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals, such as platinum group metals (PGM) produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources. The Firm is also engaged in expanding its mining activities on the J-M Reef, and holds the Marathon PGM-copper property adjacent to Lake Superior in northern Ontario, Canada and at the Altar copper-gold property in the province of San Juan, Argentina. The Firm operates through five divisions: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other.

More important recent Stillwater Mining Company (NYSE:SWC) news were published by: Fool.com which released: “Why Stillwater Mining Company Shares Fell 13% in May” on June 09, 2016, also Fool.com published article titled: “Why Stillwater Mining Company Stock Rose 17.19% in June”, Fool.com published: “Why Stillwater Mining Company Stock Ran Up 26.94% in March” on April 08, 2016. More interesting news about Stillwater Mining Company (NYSE:SWC) was released by: Fool.com and their article: “Why Stillwater Mining Company’s Stock Rose 28% in February” with publication date: March 14, 2016.

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By Louis Casey


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