Northern Star Resources Limited (OTCMKTS:NESRF) Short Interest Update

Northern Star Resources Limited (OTCMKTS:NESRF) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 482,185 shares, a decrease of 58.2% from the June 15th total of 1,154,309 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 60,256 shares, the days-to-cover ratio is presently 8.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Northern Star Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Northern Star Resources Stock Down 1.6%

Shares of OTCMKTS NESRF traded down $0.23 during trading on Tuesday, reaching $13.95. The company had a trading volume of 12,382 shares, compared to its average volume of 29,607. Northern Star Resources has a 12-month low of $9.80 and a 12-month high of $22.99. The business’s 50-day moving average is $14.38 and its 200 day moving average is $16.47. The stock has a market cap of $19.95 billion and a PE ratio of 288.40.

Northern Star Resources Company Profile

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.