Northern Star Resources Limited (OTCMKTS:NESRF) Short Interest Up 77.2% in August

Northern Star Resources Limited (OTCMKTS:NESRF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,626,515 shares, a growth of 77.2% from the July 30th total of 918,046 shares. Based on an average daily volume of 11,920 shares, the short-interest ratio is currently 136.5 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Northern Star Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Northern Star Resources Stock Performance

Shares of OTCMKTS:NESRF opened at $16.96 on Monday. Northern Star Resources has a 1-year low of $11.30 and a 1-year high of $22.99. The business has a fifty day moving average price of $14.91 and a 200-day moving average price of $15.79.

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.