Northern Star Resources Limited (OTCMKTS:NESRF) Short Interest Update

Northern Star Resources Limited (OTCMKTS:NESRF) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 482,185 shares, a decline of 58.2% from the June 15th total of 1,154,309 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 60,256 shares, the days-to-cover ratio is currently 8.0 days.

Northern Star Resources Stock Performance

OTCMKTS:NESRF traded down $0.21 during trading hours on Wednesday, reaching $13.73. The company’s stock had a trading volume of 467 shares, compared to its average volume of 29,392. The stock has a 50 day moving average price of $14.36 and a two-hundred day moving average price of $16.44. The company has a market capitalization of $19.64 billion and a P/E ratio of 288.40. Northern Star Resources has a 12 month low of $9.80 and a 12 month high of $22.99.

Wall Street Analyst Weigh In

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

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.