Home Africa Time to Reconsider Nevsun Resources Limited (NYSEAMERICAN:NSU) After Less Short Sellers?

Time to Reconsider Nevsun Resources Limited (NYSEAMERICAN:NSU) After Less Short Sellers?

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The stock of Nevsun Resources Limited (NYSEAMERICAN:NSU) registered a decrease of 2.66% in short interest. NSU’s total short interest was 3.02M shares in January as published by FINRA. Its down 2.66% from 3.10 million shares, reported previously. With 632,600 shares average volume, it will take short sellers 5 days to cover their NSU’s short positions. The short interest to Nevsun Resources Limited’s float is 1.01%.

The stock increased 1.37% or $0.0334 during the last trading session, reaching $2.4734. About 288,589 shares traded. Nevsun Resources Ltd. (NYSEAMERICAN:NSU) has declined 26.11% since January 2, 2017 and is downtrending. It has underperformed by 42.81% the S&P500.

Nevsun Resources Ltd. engages in the acquisition, exploration, development, and operation of mineral properties in Africa. The company has market cap of $758.69 million. It explores for gold, copper, zinc, and silver deposits. It currently has negative earnings. The companyÂ’s principal assets include its 100% interest in the upper zone and 60.4% interest in the lower zone of the Timok project, a copper-gold development project in Serbia; and its 60% owned Bisha mine in Eritrea.

More notable recent Nevsun Resources Ltd. (NYSEAMERICAN:NSU) news were published by: Theguardian.com which released: “Canadian firm to face historic legal case over alleged labour abuses in Eritrea” on November 23, 2017, also Theguardian.com with their article: “Canadian firm faces new forced labour claims over Eritrean mine” published on October 14, 2016, Theguardian.com published: “Canadian mining company accused of exploiting Eritrea’s forced labour” on August 19, 2015. More interesting news about Nevsun Resources Ltd. (NYSEAMERICAN:NSU) were released by: Benzinga.com and their article: “25 Stocks Moving In Thursday’s Pre-Market Session” published on August 10, 2017 as well as Theguardian.com‘s news article titled: “Eritreans sue Canadian mining firm Nevsun over human rights abuses” with publication date: December 09, 2014.

By: KLDAILY

 

 

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