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Shares of Nevsun Resources (NYSE:NSU) were the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 267,537 shares, an increase of 70.8% from the March 31st total of 156,659 shares, ARN reports. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 483,005 shares, the short-interest ratio is currently 0.6 days.

A number of analysts have recently weighed in on NSU shares. Analysts at TheStreet downgraded shares of Nevsun Resources from a “buy” rating to a “hold” rating in a research note on Monday, March 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $4.50.

Shares of Nevsun Resources (NYSE:NSU) opened at 3.61 on Monday. Nevsun Resources has a 52 week low of $2.65 and a 52 week high of $4.33. The stock’s 50-day moving average is $3.48 and its 200-day moving average is $3.51. The company has a market cap of $719.6 million and a price-to-earnings ratio of 57.87.

Nevsun Resources (NYSE:NSU) last released its earnings data on Wednesday, March 12th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.06. Analysts expect that Nevsun Resources will post $0.60 EPS for the current fiscal year.

Nevsun Resources Ltd. and its subsidiaries are in the mineral property exploration and development business in Africa.

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