Namib Minerals (NASDAQ:NAMM) Short Interest Update

Namib Minerals (NASDAQ:NAMM) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 142,797 shares, an increase of 63.9% from the August 31st total of 87,146 shares. Based on an average trading volume of 385,948 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Namib Minerals

A hedge fund recently bought a new stake in Namib Minerals stock. State of Wyoming bought a new position in shares of Namib Minerals (NASDAQ:NAMM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,367 shares of the company’s stock, valued at approximately $31,000. Institutional investors own 59.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Namib Minerals from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Namib Minerals currently has a consensus rating of “Reduce”.

Namib Minerals Stock Performance

Namib Minerals stock traded down $0.05 during midday trading on Wednesday, hitting $0.95. 1,584,093 shares of the company were exchanged, compared to its average volume of 3,762,379. The business has a fifty day simple moving average of $1.36 and a two-hundred day simple moving average of $1.72. The firm has a market capitalization of $51.65 million, a PE ratio of -1.01 and a beta of -0.03. Namib Minerals has a fifty-two week low of $0.91 and a fifty-two week high of $7.42.

Namib Minerals Company Profile

Namib Minerals Limited is a gold mining company focused on the acquisition, development and operation of gold assets in Zimbabwe. Its activities include mine development, mineral exploration, ore processing and gold production.

The company’s portfolio includes the How Mine, Mazowe Mine and Shamva Mine, which are located in Zimbabwe’s established gold-producing regions. Namib Minerals is focused on advancing and operating these assets while evaluating opportunities to expand its mineral resources and production base.

Namib Minerals is headquartered in Africa and serves the international gold market through its Zimbabwean mining operations.