Dehai News

The Ledger Gazette / Nevsun Resources (NYSEAMERICAN:NSU) Sees Significant Growth in Short Interest

Posted by: Semere Asmelash

Date: Thursday, 08 March 2018

Inline image

Nevsun Resources (NYSEAMERICAN:NSU) Sees Significant Growth in Short Interest

Nevsun Resources (NYSEAMERICAN:NSU) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,602,922 shares, an increase of 13.1% from the January 31st total of 2,300,722 shares. Based on an average daily trading volume, of 1,023,751 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.9% of the shares of the stock are short sold.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP boosted its stake in Nevsun Resources by 39.2% during the 4th quarter. Two Sigma Advisers LP now owns 170,531 shares of the company’s stock valued at $416,000 after purchasing an additional 48,000 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Nevsun Resources in the fourth quarter valued at $139,000. Millennium Management LLC lifted its holdings in shares of Nevsun Resources by 13.8% in the fourth quarter. Millennium Management LLC now owns 486,104 shares of the company’s stock valued at $1,186,000 after purchasing an additional 58,765 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Nevsun Resources by 40.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 347,847 shares of the company’s stock valued at $849,000 after purchasing an additional 99,334 shares in the last quarter. Finally, Raffles Associates LP lifted its holdings in shares of Nevsun Resources by 10.2% in the fourth quarter. Raffles Associates LP now owns 1,077,800 shares of the company’s stock valued at $2,630,000 after purchasing an additional 100,000 shares in the last quarter.

Several equities analysts recently commented on the company. Macquarie upgraded Nevsun Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, November 13th. Zacks Investment Research raised Nevsun Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 18th.

Shares of Nevsun Resources (NSU) opened at $2.26 on Thursday. Nevsun Resources has a one year low of $1.96 and a one year high of $2.77. The stock has a market capitalization of $673.50, a P/E ratio of -8.07 and a beta of 0.63.

Nevsun Resources Company Profile

Nevsun Resources Ltd. is a base metals company. The Company’s two principal properties are the Timok Project in Serbia, which hosts the copper-gold Cukaru Peki deposit on the Brestovac-Metovnica Exploration Permit (the B-M Permit) and the Bisha Property in Eritrea, which hosts the copper-zinc-gold Bisha deposit and includes satellite volcanogenic massive sulphides (VMS) deposits at Harena, Northwest, Hambok and Asheli.

Dm eri tv subscribe

Eritrean Memorial Day ምዓልቲ ስዉኣት ኤርትራ

Hdri Media Books on Amazon.com
visit hdrimedia.com