Short Interest in Nexa Resources S.A. (NYSE:NEXA) Increases By 109.9%

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 38,200 shares, a growth of 109.9% from the December 31st total of 18,200 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 116,200 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NEXA shares. Morgan Stanley upgraded shares of Nexa Resources from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $7.50 to $7.80 in a report on Thursday, December 12th. Scotiabank upped their price target on shares of Nexa Resources from $5.75 to $7.00 and gave the company a "sector underperform" rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.56.

Nexa Resources Trading Down 0.2 %

Shares of NYSE:NEXA traded down $0.01 during mid-day trading on Tuesday, hitting $6.12. The company had a trading volume of 9,942 shares, compared to its average volume of 58,751. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. Nexa Resources has a one year low of $5.10 and a one year high of $9.61. The firm has a fifty day moving average price of $7.39 and a 200 day moving average price of $7.21. The company has a market capitalization of $810.53 million, a PE ratio of -4.05 and a beta of 1.45.

Institutional Investors Weigh In On Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP lifted its position in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 593,983 shares of the company's stock after purchasing an additional 63,197 shares during the period. Dimensional Fund Advisors LP owned 0.45% of Nexa Resources worth $4,538,000 at the end of the most recent quarter.

Nexa Resources Company Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.