Northern Star Resources Limited (OTCMKTS:NESRF) Short Interest Up 77.2% in August

Northern Star Resources Limited (OTCMKTS:NESRF) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,626,515 shares, a growth of 77.2% from the July 30th total of 918,046 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 11,920 shares, the days-to-cover ratio is presently 136.5 days.

Analysts Set New Price Targets

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

Northern Star Resources Stock Performance

NESRF opened at $16.96 on Monday. The stock has a fifty day simple moving average of $14.91 and a two-hundred day simple moving average of $15.79. Northern Star Resources has a 12-month low of $11.30 and a 12-month high of $22.99.

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.