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

Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 42,940 shares, an increase of 181.0% from the May 14th total of 15,282 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 15,395 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

NICM has been the subject of a number of research analyst reports. Atrium Research upgraded Nicola Mining to a “strong-buy” rating in a report on Monday, June 1st. Noble Financial upgraded Nicola Mining to a “strong-buy” rating in a report on Wednesday, May 27th. Finally, Zacks Research upgraded Nicola Mining to a “hold” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Nicola Mining presently has a consensus rating of “Buy”.

Nicola Mining Stock Performance

Shares of Nicola Mining stock traded up $0.08 during trading on Friday, reaching $6.26. The company had a trading volume of 4,049 shares, compared to its average volume of 248,128. Nicola Mining has a fifty-two week low of $5.41 and a fifty-two week high of $10.60.