Nickel Industries Limited (OTCMKTS:NICMF – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 694,019 shares, a decrease of 44.9% from the July 30th total of 1,259,187 shares. Based on an average trading volume of 260 shares, the days-to-cover ratio is currently 2,669.3 days.
Nickel Industries Price Performance
Shares of NICMF remained flat at $0.60 during mid-day trading on Tuesday. 100 shares of the stock traded hands, compared to its average volume of 7,797. Nickel Industries has a one year low of $0.42 and a one year high of $0.80. The stock has a 50 day moving average of $0.60 and a 200-day moving average of $0.66.
Nickel Industries Company Profile
Nickel Industries Limited is an Australia-based resources company focused on the development, construction and operation of battery-grade nickel processing assets in Indonesia. The company’s core business centers on the production of mixed hydroxide precipitate (MHP), a precursor material used in the manufacture of lithium-ion batteries for electric vehicles and energy storage systems.
The company owns and operates two high-pressure acid leach (HPAL) plants in Southeast Sulawesi. Its flagship Hengjaya Nickel project and the Ranger Nickel facility leverage Indonesia’s rich laterite nickel deposits to produce MHP for customers in Asia, Europe and North America.
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