Northern Star Resources Limited (OTCMKTS:NESRF) Sees Significant Growth in Short Interest

Northern Star Resources Limited (OTCMKTS:NESRF) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 579,814 shares, a growth of 169.8% from the April 15th total of 214,936 shares. Based on an average trading volume of 36,043 shares, the short-interest ratio is currently 16.1 days.

Northern Star Resources Stock Down 1.3%

Shares of NESRF stock opened at $15.31 on Friday. Northern Star Resources has a one year low of $9.80 and a one year high of $22.99. The company’s 50-day simple moving average is $15.87 and its 200-day simple moving average is $17.30.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Northern Star Resources in a research note on Monday, February 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Northern Star Resources Company Profile

Northern Star Resources (OTCMKTS:NESRF) is an Australian-based gold mining company engaged in the exploration, development, and production of gold through a portfolio of underground and open-pit operations. Headquartered in West Perth, Western Australia, the company focuses on the efficient delivery of ore to onsite processing facilities, employing both conventional and modern mining techniques to optimize recovery and manage operating costs.

The company’s principal operations are located across key gold provinces in Western Australia, including the Kalgoorlie, Kambalda and Jundee regions, as well as the Pogo mine in Alaska, which Northern Star acquired in 2018.