Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) Sees Large Increase in Short Interest

Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 42,940 shares, a growth of 181.0% from the May 14th total of 15,282 shares. Based on an average daily trading volume, of 15,395 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.2% of the company’s stock are short sold.

Nicola Mining Trading Down 0.5%

Nicola Mining stock traded down $0.03 during midday trading on Friday, reaching $6.15. The company’s stock had a trading volume of 12,554 shares, compared to its average volume of 248,349. Nicola Mining has a 52-week low of $5.41 and a 52-week high of $10.60.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Noble Financial upgraded Nicola Mining to a “strong-buy” rating in a research note on Wednesday, May 27th. Atrium Research upgraded Nicola Mining to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Zacks Research upgraded Nicola Mining to a “hold” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Nicola Mining currently has an average rating of “Buy”.