Molycorp Short Interest Down 4.0% in October (MCP)
Molycorp (NYSE:MCP) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 67,013,227 shares, a decline of 4.0% from the September 30th total of 69,815,006 shares, AnalystRatings.Net reports. Currently, 37.3% of the shares of the company are sold short. Based on an average trading volume of 4,962,280 shares, the short-interest ratio is presently 13.5 days.
Shares of Molycorp (NYSE:MCP) opened at 1.26 on Tuesday. Molycorp has a 1-year low of $1.14 and a 1-year high of $6.45. The stock’s 50-day moving average is $1.35 and its 200-day moving average is $2.2. The company’s market cap is $308.4 million.
Molycorp (NYSE:MCP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.40) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.27) by $0.13. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $123.70 million. During the same quarter last year, the company posted ($0.27) earnings per share. Molycorp’s revenue was down 16.9% compared to the same quarter last year. Analysts expect that Molycorp will post $-1.08 EPS for the current fiscal year.
Molycorp, Inc provides Rare Earths and Molybdenum products to companies. The Company’s rare earth products comprise of bastnasite, cerium, europium, lanthanum, neodymium, praseodymium, yttrium, and other lanthanides.
