Northern Dynasty Minerals Ltd (NAK) Short Interest Up 0.0% in December

Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 20,295,980 shares, a growth of 0.0% from the December 14th total of 20,287,785 shares. Based on an average daily volume of 762,163 shares, the days-to-cover ratio is currently 26.6 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. M Holdings Securities Inc. grew its stake in shares of Northern Dynasty Minerals by 104.2% in the 2nd quarter. M Holdings Securities Inc. now owns 245,000 shares of the mining company’s stock worth $133,000 after acquiring an additional 125,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in Northern Dynasty Minerals by 16.8% during the third quarter. Russell Investments Group Ltd. now owns 4,744,584 shares of the mining company’s stock valued at $2,639,000 after buying an additional 681,423 shares during the period. Kopernik Global Investors LLC grew its position in Northern Dynasty Minerals by 6.8% during the third quarter. Kopernik Global Investors LLC now owns 5,197,525 shares of the mining company’s stock valued at $2,911,000 after buying an additional 332,897 shares during the period. Finally, Vertex One Asset Management Inc. grew its position in Northern Dynasty Minerals by 3.3% during the third quarter. Vertex One Asset Management Inc. now owns 9,025,965 shares of the mining company’s stock valued at $5,050,000 after buying an additional 287,369 shares during the period.

NYSEAMERICAN NAK opened at $0.65 on Friday. Northern Dynasty Minerals has a 1 year low of $0.43 and a 1 year high of $1.74.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its earnings results on Thursday, November 15th. The mining company reported ($0.05) earnings per share (EPS) for the quarter.

A number of brokerages have commented on NAK. Zacks Investment Research lowered shares of Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. HC Wainwright set a $3.00 target price on shares of Northern Dynasty Minerals and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Finally, Cantor Fitzgerald upgraded shares of Northern Dynasty Minerals from a “hold” rating to a “buy” rating in a research note on Friday, November 16th.

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Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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