North American Palladium Short Interest Up 2.8% in August (PAL)
Shares of North American Palladium (NYSE:PAL) were the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 8,371,449 shares, an increase of 2.8% from the July 31st total of 8,145,574 shares, Stock Ratings Network reports. Based on an average trading volume of 2,017,484 shares, the short-interest ratio is presently 4.1 days. Approximately 2.3% of the shares of the company are short sold.
Separately, analysts at Zacks upgraded shares of North American Palladium from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $0.30 price target on the stock. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $0.30.
Shares of North American Palladium (NYSE:PAL) remained flat at $0.255 during during mid-day trading trading on Tuesday. The stock had a trading volume of 1,309,547 shares. North American Palladium has a one year low of $0.23 and a one year high of $1.12. The stock has a 50-day moving average of $0.28 and a 200-day moving average of $0.33. The company’s market cap is $98.0 million.
North American Palladium (NYSE:PAL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.01. Analysts expect that North American Palladium will post $0.04 EPS for the current fiscal year.
North American Palladium Ltd. (NYSE:PAL) is a precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada.
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