Nexa Resources S.A. (NYSE:NEXA) Short Interest Down 33.8% in January

Nexa Resources S.A. (NYSE:NEXA) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 25,300 shares, a decline of 33.8% from the January 15th total of 38,200 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 115,800 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

NEXA has been the subject of a number of research analyst reports. Morgan Stanley upgraded Nexa Resources from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $7.50 to $7.80 in a research note on Thursday, December 12th. Scotiabank decreased their price objective on Nexa Resources from $7.00 to $5.00 and set a “sector underperform” rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.16.

Nexa Resources Price Performance

NEXA traded down $0.02 on Friday, hitting $5.56. 12,413 shares of the company were exchanged, compared to its average volume of 30,436. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 1.13. The firm has a market capitalization of $736.37 million, a P/E ratio of -3.68 and a beta of 1.45. Nexa Resources has a fifty-two week low of $5.10 and a fifty-two week high of $9.61. The business’s fifty day moving average is $7.01 and its 200 day moving average is $7.11.

Hedge Funds Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC acquired a new stake in shares of Nexa Resources S.A. (NYSE:NEXA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,341 shares of the company’s stock, valued at approximately $126,000.

Nexa Resources Company Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.