Northern Star Resources Limited (OTCMKTS:NESRF) Sees Significant Growth in Short Interest

Northern Star Resources Limited (OTCMKTS:NESRF) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 579,814 shares, a growth of 169.8% from the April 15th total of 214,936 shares. Based on an average daily volume of 36,043 shares, the days-to-cover ratio is presently 16.1 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating on shares of Northern Star Resources in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Northern Star Resources Stock Performance

Northern Star Resources stock opened at $15.31 on Friday. The firm’s 50 day moving average price is $15.87 and its two-hundred day moving average price is $17.30. Northern Star Resources has a 1 year low of $9.80 and a 1 year 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.