Northern Star Resources Limited (OTCMKTS:NESRF) Short Interest Update

Northern Star Resources Limited (OTCMKTS:NESRF) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 579,814 shares, a growth of 169.8% from the April 15th total of 214,936 shares. Based on an average daily volume of 36,043 shares, the short-interest ratio is currently 16.1 days.

Northern Star Resources Trading Down 2.7%

OTCMKTS NESRF opened at $14.90 on Friday. Northern Star Resources has a 1-year low of $9.80 and a 1-year high of $22.99. The company has a 50 day moving average of $15.74 and a 200-day moving average of $17.28.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Northern Star Resources in a report on Monday, February 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Northern Star Resources

Northern Star Resources (OTCMKTS:NESRF) is an Australian-based gold mining company engaged in the exploration, development, and production of gold through a portfolio of underground and open-pit operations. Headquartered in West Perth, Western Australia, the company focuses on the efficient delivery of ore to onsite processing facilities, employing both conventional and modern mining techniques to optimize recovery and manage operating costs.

The company’s principal operations are located across key gold provinces in Western Australia, including the Kalgoorlie, Kambalda and Jundee regions, as well as the Pogo mine in Alaska, which Northern Star acquired in 2018.