Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 42,940 shares, an increase of 181.0% from the May 14th total of 15,282 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 15,395 shares, the short-interest ratio is presently 2.8 days.
Nicola Mining Trading Down 0.5%
NICM traded down $0.03 on Friday, hitting $6.15. The company had a trading volume of 12,554 shares, compared to its average volume of 248,349. Nicola Mining has a 12-month low of $5.41 and a 12-month high of $10.60.
Analyst Ratings Changes
NICM has been the subject of a number of research analyst reports. Noble Financial upgraded Nicola Mining to a “strong-buy” rating in a research report on Wednesday, May 27th. Atrium Research upgraded Nicola Mining to a “strong-buy” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded Nicola Mining to a “hold” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.
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