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

Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) was the recipient of a significant increase in short interest in 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. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 15,395 shares, the days-to-cover ratio is currently 2.8 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Nicola Mining to a “hold” rating in a research note on Thursday, May 28th. Noble Financial upgraded shares of Nicola Mining to a “strong-buy” rating in a research note on Wednesday, May 27th. Finally, Atrium Research upgraded shares of Nicola Mining to a “strong-buy” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Nicola Mining Stock Performance

NASDAQ NICM traded up $0.08 on Friday, hitting $6.26. The stock had a trading volume of 4,049 shares, compared to its average volume of 248,128. Nicola Mining has a one year low of $5.41 and a one year high of $10.60.