Northern Dynasty Minerals Sees Large Increase in Short Interest (NAK)
Shares of Northern Dynasty Minerals (NYSE:NAK) were the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,280,035 shares, a growth of 0.1% from the July 31st total of 1,281,822 shares, Analyst Ratings Net reports. Based on an average trading volume of 101,190 shares, the short-interest ratio is currently 12.6 days. Currently, 1.4% of the shares of the stock are sold short.
Separately, analysts at TD Securities cut their price target on shares of Northern Dynasty Minerals from C$1.75 to C$1.25 in a research note on Wednesday, July 23rd. They now have a “hold” rating on the stock.
Northern Dynasty Minerals (NYSE:NAK) opened at 0.665 on Friday. Northern Dynasty Minerals has a 52-week low of $0.61 and a 52-week high of $2.36. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.88. The company’s market cap is $63.2 million.
Northern Dynasty Minerals Ltd. (NYSE:NAK) is engaged in the exploration of mineral properties.
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