Nickel Industries Limited (OTCMKTS:NICMF – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 159,273 shares, a drop of 77.1% from the August 15th total of 694,019 shares. Based on an average trading volume of 15,564 shares, the short-interest ratio is presently 10.2 days.
Nickel Industries Price Performance
Nickel Industries stock remained flat at $0.60 during midday trading on Friday. The firm has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.65. Nickel Industries has a 52-week low of $0.42 and a 52-week high of $0.80.
Nickel Industries Company Profile
Nickel Industries Limited is an Australia-based resources company focused on the development, construction and operation of battery-grade nickel processing assets in Indonesia. The company’s core business centers on the production of mixed hydroxide precipitate (MHP), a precursor material used in the manufacture of lithium-ion batteries for electric vehicles and energy storage systems.
The company owns and operates two high-pressure acid leach (HPAL) plants in Southeast Sulawesi. Its flagship Hengjaya Nickel project and the Ranger Nickel facility leverage Indonesia’s rich laterite nickel deposits to produce MHP for customers in Asia, Europe and North America.
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