It is currently trading at $13.60 barely above $12.45, the 50 day moving average and which is significantly above the 200 day moving average of $11.36. The 50 day moving average went up by +9.24% and the 200 day average went up by +19.67%. Trading was heavy with 381K shares changing hands on Tuesday. Volume was up 0.18% over the stocks average daily volume.
Traders are more bullish on shares of the company recently as evidenced by the fall in short interest. The company saw a fall in short interest of -1.00% between September 29, 2017 and October 13, 2017. Short interest fell from 8,707,579 to 8,620,842 over that period. The short-interest ratio decreased to 25.0 and the percentage of shorted shares is 0.15% as of October 13.
These funds have shifted positions in (SA). Raymond James Financial Services Advisors, Inc. added to its investment by buying 1,000 shares an increase of 1.5% in the quarter. Raymond James Financial Services Advisors, Inc. now controls 69,626 shares with a value of $752,000. The total value of its holdings decreased 0.4%. Susquehanna International Group, Llp trimmed its stake by selling 94,800 shares a decrease of 28.3% as of 06/30/2017. Susquehanna International Group, Llp claims 240,700 shares valued at $2,600,000. The value of the position overall is down by 29.6%.
As of the end of the quarter Gwm Advisors LLC had acquired a total of 10,185 shares growing its stake by 10.0%. The value in dollars went from $1,163,000 to $1,223,000 increasing 5.2% for the reporting period. Vanguard Group Inc expanded its holdings by buying 600 shares an increase of 31.6%. Vanguard Group Inc now holds 2,500 shares worth $27,000. The value of the position overall is up by 28.6%.
Seabridge Gold Inc., a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. It also explores for copper and silver ores. Its principal projects include the Kerr-Sulphurets-Mitchell property located in the Iskut-Stikine region of British Columbia; and the Courageous Lake project located in Northwest Territories, Canada. The company was formerly known as Seabridge Resources Inc. and changed its name to Seabridge Gold Inc. in June 2002. Seabridge Gold Inc. was founded in 1979 and is headquartered in Toronto, Canada..