Short Interest in Northern Star Resources Limited (OTCMKTS:NESRF) Rises By 169.8%

Northern Star Resources Limited (OTCMKTS:NESRF) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 579,814 shares, an increase 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.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Northern Star Resources in a report on Monday, February 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Northern Star Resources Trading Down 2.7%

Northern Star Resources stock traded down $0.41 during trading hours on Friday, hitting $14.90. The stock had a trading volume of 20,349 shares, compared to its average volume of 29,845. The company has a 50-day moving average of $15.74 and a two-hundred day moving average of $17.28. Northern Star Resources has a fifty-two week low of $9.80 and a fifty-two week high of $22.99.

About Northern Star Resources

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.