Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 23,531,517 shares, an increase of 0.6% from the May 15th total of 23,388,754 shares. Based on an average daily trading volume, of 2,563,471 shares, the short-interest ratio is currently 9.2 days.
Shares of Northern Dynasty Minerals opened at $0.49 on Wednesday, according to MarketBeat. Northern Dynasty Minerals has a 52-week low of $0.43 and a 52-week high of $2.34.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its quarterly earnings results on Thursday, March 29th. The mining company reported ($0.03) earnings per share (EPS) for the quarter.
A number of institutional investors have recently made changes to their positions in the stock. Grimes & Company Inc. grew its holdings in Northern Dynasty Minerals by 1,264.9% in the 1st quarter. Grimes & Company Inc. now owns 182,900 shares of the mining company’s stock valued at $166,000 after buying an additional 169,500 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in Northern Dynasty Minerals in the 4th quarter valued at approximately $314,000. Global X Management Co. LLC acquired a new stake in Northern Dynasty Minerals in the 1st quarter valued at approximately $525,000. Swiss National Bank acquired a new stake in Northern Dynasty Minerals in the 4th quarter valued at approximately $831,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Northern Dynasty Minerals by 11.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 571,644 shares of the mining company’s stock worth $1,012,000 after acquiring an additional 58,685 shares during the period.
Northern Dynasty Minerals Company Profile
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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