Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) Short Interest Update

Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 16,009 shares, a drop of 34.6% from the July 30th total of 24,463 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,513 shares, the days-to-cover ratio is currently 4.6 days.

Analyst Upgrades and Downgrades

NICM has been the subject of a number of research reports. Maxim Group assumed coverage on Nicola Mining in a research report on Thursday, June 18th. They set a “buy” rating and a $12.00 price target for the company. Weiss Ratings downgraded Nicola Mining from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, July 21st. Zacks Research upgraded Nicola Mining to a “hold” rating in a report on Thursday, May 28th. Noble Financial raised shares of Nicola Mining to a “strong-buy” rating in a research report on Wednesday, May 27th. Finally, Atrium Research upgraded shares of Nicola Mining to a “strong-buy” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Nicola Mining Stock Performance

Nicola Mining stock traded down $0.12 during trading on Wednesday, reaching $6.51. 261 shares of the company’s stock were exchanged, compared to its average volume of 108,490. Nicola Mining has a 52-week low of $5.32 and a 52-week high of $10.60. The company has a market cap of $124.63 million and a price-to-earnings ratio of -325.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.34 and a current ratio of 8.34. The business’s 50-day simple moving average is $6.16.

Nicola Mining (NASDAQ:NICM) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. Nicola Mining had a negative return on equity of 11,567.20% and a negative net margin of 252.40%.The company had revenue of $0.79 million for the quarter.

Nicola Mining Company Profile

Nicola Mining Inc is a junior mining company which maintains a owned mill and tailings facility, located near Merritt, British Columbia. Nicola Mining Inc is based in Vancouver, British Columbia.