Nickel Industries Limited (OTCMKTS:NICMF) Sees Large Increase in Short Interest

Nickel Industries Limited (OTCMKTS:NICMF) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 462,472 shares, an increase of 190.4% from the August 31st total of 159,273 shares. Based on an average daily trading volume, of 2,050 shares, the short-interest ratio is presently 225.6 days.

Nickel Industries Stock Performance

Shares of Nickel Industries stock traded up $0.00 during trading on Friday, hitting $0.57. The company’s stock had a trading volume of 300 shares, compared to its average volume of 7,495. The stock has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.64. 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 nickel producer focused on developing and operating nickel assets in Indonesia. The company’s activities include nickel mining, processing and the production of intermediate nickel products used primarily in stainless steel manufacturing and, increasingly, in the electric-vehicle battery supply chain.

Nickel Industries operates the Hengjaya Mine on Sulawesi and has interests in several rotary kiln electric furnace processing facilities in Indonesia, including Hengjaya Nickel, Ranger Nickel, Oracle Nickel and Angel Nickel.