Northern Star Resources Limited (OTCMKTS:NESRF – Get Rating) saw a sharp drop in short-term interest during the month of April. As of April 15, there was short interest totaling 230,800 shares, down 21.0% from the March 31 total of 292,300 shares. Based on an average daily volume of 69,500 shares, the short interest ratio is currently 3.3 days.
OTCMKTS NESRF fell $0.30 on Tuesday, hitting $6.70. 9,867 shares of the company were traded, compared to its average volume of 14,750. Northern Star Resources has a 1-year low of $5.85 and a 1-year high of $9.24. The company’s 50-day moving average price is $7.77 and its two-hundred-day moving average price is $7.12.
Separately, JPMorgan Chase & Co. downgraded shares of Northern Star Resources from an “overweight” rating to a “neutral” rating in a Tuesday, April 5 research report.
Northern Star Resources Company Profile (Get a rating)
Northern Star Resources Limited is engaged in the exploration, development, mining and processing of gold deposits in Australia. She also sells refined gold. The company has interests in the Pogo, Kalgoorlie, KCGM, Jundee, Thunderbox and Carosue Dam operations, as well as the Paulsens, Tanami and Bronzewing projects.
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