Short Interest in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) Decreases By 12.0%

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 6,530,000 shares, a decline of 12.0% from the January 31st total of 7,420,000 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 3,540,000 shares, the days-to-cover ratio is presently 1.8 days.

Northern Dynasty Minerals Stock Down 0.6 %

Shares of Northern Dynasty Minerals stock opened at $0.73 on Friday. The stock has a market capitalization of $392.76 million, a price-to-earnings ratio of -18.25 and a beta of 0.51. Northern Dynasty Minerals has a fifty-two week low of $0.27 and a fifty-two week high of $0.78. The stock has a 50 day simple moving average of $0.64.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NAK. HC Wainwright reissued a “buy” rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. Finally, StockNews.com began coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC lifted its stake 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 purchasing an additional 18,000 shares in the last quarter. Smith Anglin Financial LLC lifted its stake in Northern Dynasty Minerals by 19.0% during the fourth quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock worth $73,000 after purchasing an additional 20,000 shares in the last quarter. Stifel Financial Corp lifted its stake in Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after purchasing an additional 39,500 shares in the last quarter. Allegheny Financial Group acquired a new position in Northern Dynasty Minerals during the fourth quarter worth $30,000. Finally, XTX Topco Ltd lifted its stake in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after purchasing an additional 52,346 shares in the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

About Northern Dynasty Minerals

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.