Northern Dynasty Minerals Ltd (NAK) Short Interest Update

Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 19,971,101 shares, a drop of 1.0% from the January 15th total of 20,179,176 shares. Based on an average trading volume of 748,969 shares, the short-interest ratio is currently 26.7 days.

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in shares of Northern Dynasty Minerals by 16.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,744,584 shares of the mining company’s stock worth $2,639,000 after buying an additional 681,423 shares during the last quarter. Kopernik Global Investors LLC lifted its position in shares of Northern Dynasty Minerals by 6.8% during the 3rd quarter. Kopernik Global Investors LLC now owns 5,197,525 shares of the mining company’s stock worth $2,911,000 after buying an additional 332,897 shares during the last quarter. Finally, Vertex One Asset Management Inc. lifted its position in shares of Northern Dynasty Minerals by 3.3% during the 3rd quarter. Vertex One Asset Management Inc. now owns 9,025,965 shares of the mining company’s stock worth $5,050,000 after buying an additional 287,369 shares during the last quarter.

NYSEAMERICAN NAK opened at $1.02 on Tuesday. Northern Dynasty Minerals has a one year low of $0.43 and a one year high of $1.16.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings results on Thursday, November 15th. The mining company reported ($0.05) earnings per share (EPS) for the quarter.

A number of brokerages have weighed in on NAK. Zacks Investment Research cut shares of Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. HC Wainwright set a $3.00 price target on shares of Northern Dynasty Minerals and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, Cantor Fitzgerald upgraded shares of Northern Dynasty Minerals from a “hold” rating to a “buy” rating in a research report on Friday, November 16th.

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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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