Robinhood Reinvents Stock Trading Without The FeesThe most recent short interest data has been released for the 11/15/2016 settlement date, which shows a 24,421,814 share decrease in total short interest for Freeport-McMoran Copper & Gold (NYSE: FCX), to 94,719,576, a decrease of 20.50% since 10/31/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. Average daily volume for FCX at the 11/15/2016 settlement increased to 45,422,195, as compared to 29,067,869 at the 10/31/2016 report. That brought “days to cover” down to 2.09, a 49.12% decrease from the 4.10 days to cover calculated at the previous short interest data release. The chart below shows the one year performance of FCX shares, versus its 200 day moving average.

Source: Forbes November 28, 2016 18:09 UTC