Northern Star Resources Limited (OTCMKTS:NESRF) Sees Large Drop in Short Interest

Northern Star Resources Limited (OTCMKTS:NESRF) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,184,305 shares, a drop of 36.2% from the August 31st total of 1,855,103 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 13,912 shares, the days-to-cover ratio is currently 85.1 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Northern Star Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Northern Star Resources Stock Up 2.4%

OTCMKTS:NESRF opened at $17.03 on Thursday. Northern Star Resources has a one year low of $11.30 and a one year high of $22.99. The stock has a 50 day moving average price of $15.93 and a 200 day moving average price of $15.11.

Northern Star Resources Company Profile

Northern Star Resources Ltd. is an Australian gold mining company engaged in the exploration, development, operation and production of gold assets. The company produces gold doré and concentrates through underground and open-pit mining operations, along with associated processing and refining activities.

Northern Star’s principal operations are located in Western Australia and Alaska. Its Australian portfolio includes the KCGM operation in the Kalgoorlie region and the Yandal and Thunderbox operations in the northern Goldfields.