Molycorp (NYSE:MCP) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 51,868,791 shares, a decline of 10.5% from the December 15th total of 57,932,083 shares, Analyst Ratings Net reports. Based on an average trading volume of 4,998,059 shares, the days-to-cover ratio is currently 10.4 days. Approximately 28.0% of the shares of the company are short sold.
Molycorp (NYSE:MCP) opened at 0.461 on Wednesday. Molycorp has a 52 week low of $0.45 and a 52 week high of $5.62. The stock’s 50-day moving average is $0.74 and its 200-day moving average is $1.41. The company’s market cap is $112.8 million.