Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) Short Interest Up 129.0% in March

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 14,380,000 shares, an increase of 129.0% from the March 15th total of 6,280,000 shares. Based on an average daily volume of 6,370,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.7% of the company's shares are sold short.

Northern Dynasty Minerals Stock Up 3.7 %

NAK traded up $0.04 during midday trading on Friday, hitting $1.11. The company had a trading volume of 4,827,203 shares, compared to its average volume of 2,987,487. The stock's 50 day moving average price is $0.83 and its 200 day moving average price is $0.60. Northern Dynasty Minerals has a 52 week low of $0.27 and a 52 week high of $1.29. The company has a market capitalization of $597.21 million, a price-to-earnings ratio of -27.75 and a beta of 0.51.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. HC Wainwright reaffirmed a "buy" rating and set a $1.30 target price on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th. Finally, StockNews.com began coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a "sell" rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NAK. Allegheny Financial Group acquired a new position in Northern Dynasty Minerals during the 4th quarter valued at about $30,000. RFG Advisory LLC purchased a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at approximately $31,000. Squarepoint Ops LLC purchased a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at approximately $44,000. Game Plan Financial Advisors LLC grew its holdings in Northern Dynasty Minerals by 29.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock worth $45,000 after buying an additional 18,000 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in Northern Dynasty Minerals in the 1st quarter valued at $100,000. 10.55% of the stock is owned by institutional investors and hedge funds.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.