Short Interest in Nevsun Resources Increases By 45.1% (NSU)
Shares of Nevsun Resources (NYSE:NSU) were the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 303,082 shares, an increase of 45.1% from the July 31st total of 208,909 shares, American Banking & Market News reports. Based on an average daily volume of 237,442 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are sold short.
Shares of Nevsun Resources (NYSE:NSU) opened at 3.99 on Wednesday. Nevsun Resources has a one year low of $3.00 and a one year high of $4.33. The stock has a 50-day moving average of $3.85 and a 200-day moving average of $3.66. The company has a market cap of $796.0 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 (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. On average, analysts predict that Nevsun Resources will post $0.58 earnings per share 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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