Northern Dynasty Minerals Ltd (NAK) Short Interest Update

Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 26,394,364 shares, a drop of 3.2% from the February 28th total of 27,252,934 shares. Currently, 11.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,226,829 shares, the days-to-cover ratio is currently 21.5 days.

Hedge funds have recently made changes to their positions in the company. PEAK6 Investments L.P. purchased a new position in shares of Northern Dynasty Minerals in the third quarter valued at $125,000. LMR Partners LLP purchased a new stake in Northern Dynasty Minerals during the 3rd quarter worth about $157,000. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Northern Dynasty Minerals during the 3rd quarter worth about $284,000. M Holdings Securities Inc. purchased a new stake in Northern Dynasty Minerals during the 4th quarter worth about $314,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Northern Dynasty Minerals by 37.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 178,132 shares of the mining company’s stock worth $321,000 after purchasing an additional 48,100 shares in the last quarter.

How to Become a New Pot Stock Millionaire

A number of research analysts have recently weighed in on NAK shares. HC Wainwright set a $3.00 price target on Northern Dynasty Minerals and gave the company a “buy” rating in a research report on Friday. TD Securities cut Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Zacks Investment Research cut Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, BMO Capital Markets upgraded Northern Dynasty Minerals from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.38.

NAK stock opened at $0.91 on Tuesday. Northern Dynasty Minerals has a 52-week low of $0.81 and a 52-week high of $2.42. The firm has a market capitalization of $278.79, a price-to-earnings ratio of -6.07 and a beta of -0.15.

ILLEGAL ACTIVITY WARNING: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3303551/northern-dynasty-minerals-ltd-nak-short-interest-update.html.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.

Receive News & Ratings for Northern Dynasty Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Dynasty Minerals and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

ABB  Given a CHF 24.50 Price Target at Morgan Stanley
ABB Given a CHF 24.50 Price Target at Morgan Stanley
The Linde Group  PT Set at €220.00 by UBS
The Linde Group PT Set at €220.00 by UBS
Marks & Spencer  Upgraded to “Neutral” by Credit Suisse Group
Marks & Spencer Upgraded to “Neutral” by Credit Suisse Group
Johnson & Johnson  Price Target Lowered to $134.00 at Citigroup
Johnson & Johnson Price Target Lowered to $134.00 at Citigroup
Denbury Resources  Director Sells $40,750.00 in Stock
Denbury Resources Director Sells $40,750.00 in Stock
Nano Market Cap Tops $981.23 Million
Nano Market Cap Tops $981.23 Million


© 2006-2018 Ticker Report. Google+.