Nickel Industries Limited (OTCMKTS:NICMF) Short Interest Update

Nickel Industries Limited (OTCMKTS:NICMF) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 915,639 shares, an increase of 583.1% from the May 31st total of 134,046 shares. Based on an average trading volume of 2,096 shares, the short-interest ratio is presently 436.9 days.

Nickel Industries Stock Performance

OTCMKTS:NICMF remained flat at $0.58 during mid-day trading on Friday. 200 shares of the company’s stock traded hands, compared to its average volume of 7,624. The business has a 50-day simple moving average of $0.71 and a 200 day simple moving average of $0.65. Nickel Industries has a 52-week low of $0.42 and a 52-week high of $0.80.

About Nickel Industries

Nickel Industries Limited is an Australia-based resources company focused on the development, construction and operation of battery-grade nickel processing assets in Indonesia. The company’s core business centers on the production of mixed hydroxide precipitate (MHP), a precursor material used in the manufacture of lithium-ion batteries for electric vehicles and energy storage systems.

The company owns and operates two high-pressure acid leach (HPAL) plants in Southeast Sulawesi. Its flagship Hengjaya Nickel project and the Ranger Nickel facility leverage Indonesia’s rich laterite nickel deposits to produce MHP for customers in Asia, Europe and North America.