Nickel Industries Limited (OTCMKTS:NICMF) Shares Shorted: Short Interest Up 190.4% in September

Nickel Industries Limited (OTCMKTS:NICMF) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 462,472 shares, an increase of 190.4% from the August 31st total of 159,273 shares. Based on an average daily volume of 2,050 shares, the short-interest ratio is presently 225.6 days.

Nickel Industries Stock Performance

OTCMKTS:NICMF traded up $0.00 during trading hours on Friday, hitting $0.57. The company’s stock had a trading volume of 300 shares, compared to its average volume of 7,495. Nickel Industries has a 52-week low of $0.42 and a 52-week high of $0.80. The stock has a fifty day moving average of $0.59 and a 200-day moving average of $0.64.

About Nickel Industries

Nickel Industries Limited is an Australia-based nickel producer focused on developing and operating nickel assets in Indonesia. The company’s activities include nickel mining, processing and the production of intermediate nickel products used primarily in stainless steel manufacturing and, increasingly, in the electric-vehicle battery supply chain.

Nickel Industries operates the Hengjaya Mine on Sulawesi and has interests in several rotary kiln electric furnace processing facilities in Indonesia, including Hengjaya Nickel, Ranger Nickel, Oracle Nickel and Angel Nickel.