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

Northern Star Resources Limited (OTCMKTS:NESRF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 482,185 shares, a drop of 58.2% from the June 15th total of 1,154,309 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 60,256 shares, the short-interest ratio is currently 8.0 days.

Northern Star Resources Stock Up 0.4%

Shares of OTCMKTS NESRF opened at $14.00 on Thursday. The stock’s fifty day simple moving average is $14.33 and its 200 day simple moving average is $16.42. The stock has a market capitalization of $20.02 billion and a price-to-earnings ratio of 288.40. Northern Star Resources has a 52-week low of $9.80 and a 52-week high of $22.99.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Northern Star Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.