Short Interest in Nickel Industries Limited (OTCMKTS:NICMF) Increases By 22.3%

Nickel Industries Limited (OTCMKTS:NICMF) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 10,171,500 shares, an increase of 22.3% from the July 31st total of 8,314,900 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 1,883.6 days.

Nickel Industries Price Performance

OTCMKTS NICMF opened at $0.60 on Friday. The company has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.55. Nickel Industries has a 52-week low of $0.37 and a 52-week high of $0.70.

Nickel Industries Company Profile

Nickel Industries Limited engages in nickel ore mining, nickel pig iron, and nickel matte production activities. It is also involved in the production of mixed hydroxide precipitate for use in the electric vehicle supply chain. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022.