Nevsun Resources Short Interest Up 35.9% in July (NSU)
Shares of Nevsun Resources (NYSE:NSU) were the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 208,909 shares, an increase of 35.9% from the July 15th total of 153,710 shares, Analyst Ratings Net reports. Based on an average trading volume of 171,168 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the shares of the company are sold short.
Nevsun Resources (NYSE:NSU) opened at 4.02 on Tuesday. Nevsun Resources has a 52-week low of $3.00 and a 52-week high of $4.33. The stock’s 50-day moving average is $3.78 and its 200-day moving average is $3.64. The company has a market cap of $802.0 million and a price-to-earnings ratio of 18.60.
Nevsun Resources (NYSE:NSU) last released its earnings data on Monday, August 4th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.01. Analysts expect that Nevsun Resources will post $0.58 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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