Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) was the target of a significant growth in short interest in the month of March. As of March 29th, there was short interest totalling 20,235,231 shares, a growth of 0.3% from the March 15th total of 20,181,996 shares. Based on an average trading volume of 1,025,606 shares, the days-to-cover ratio is presently 19.7 days.

Shares of Northern Dynasty Minerals stock opened at $0.60 on Wednesday. Northern Dynasty Minerals has a 12-month low of $0.43 and a 12-month high of $1.12.

Separately, Zacks Investment Research cut shares of Northern Dynasty Minerals from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 3rd.

An institutional investor recently raised its position in Northern Dynasty Minerals stock. M Holdings Securities Inc. boosted its position in Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,000 shares of the mining company’s stock after purchasing an additional 35,000 shares during the quarter. M Holdings Securities Inc. owned about 0.09% of Northern Dynasty Minerals worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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