Short Interest in Nickel 28 Capital Corp. (OTCMKTS:CONXF) Grows By 609.1%

Nickel 28 Capital Corp. (OTCMKTS:CONXF) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 23,400 shares, a growth of 609.1% from the October 31st total of 3,300 shares. Based on an average trading volume of 16,300 shares, the days-to-cover ratio is presently 1.4 days.

Shares of CONXF remained flat at $$0.70 during trading hours on Friday. Nickel 28 Capital has a twelve month low of $0.27 and a twelve month high of $2.00. The firm has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $0.77.

About Nickel 28 Capital

Nickel 28 Capital Corp. operates as a base metals company. The company holds an 8.56% joint-venture interest in the Ramu Nickel-Cobalt operation located in Papua New Guinea. It also manages a portfolio of 13 nickel and cobalt royalties on exploration and development projects in Canada, Australia, and Papua New Guinea.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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