State-owned Mining and Metallurgical Company Norilsk Nickel (OTCMKTS:NILSY) was the target of a sharp drop in short interest in January. As of January 31, there was short interest totaling 560,700 shares, down 54.5% from the January 15 total of 1,233,300 shares. Based on an average daily trading volume of 485,700 shares, the short-term interest rate ratio is currently 1.2 days.

Shares of OTCMKTS: NILSY traded at $1.98 in Friday’s midday session, rising to $28.02. The company had a trading volume of 255,616 shares, compared to an average volume of 180,466. The company’s 50-day moving average price is $29.48 and its 200-day moving average price is $31.02 . The company has a debt ratio of 1.80, a current ratio of 1.66 and a quick ratio of 0.91. Public Joint Stock Company Norilsk Nickel Mining and Metallurgical Company has a 52 week low of $26.18 and a 52 week high of $38.21.

A number of research analysts have recently released NILSY stock reports. Goldman Sachs Group downgraded shares of Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel from a “buy” rating to a “hold” rating and set a price target of $35.00 for the stock. in a research report on Monday, January 17. Credit Suisse Group downgraded shares of Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel from an “outperform” rating to a “neutral” rating and set a price target of $35.00 for the company . in a Friday, January 14, research note. Morgan Stanley upgraded shares of Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel from an “underweight” to an “equally weighted” rating in a Thursday, Dec. 9 research note. Finally, VTB Capital upgraded shares of state-owned Mining and Metallurgical Company Norilsk Nickel from a “hold” rating to a “buy” rating in a Wednesday, Dec. 1 research note. One research analyst has assigned the stock a sell rating, six have issued a hold rating and two have assigned the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.33.

About the public joint-stock company Norilsk Nickel Mining and Metallurgical Company

MMC Norilsk Nickel PJSC is engaged in the exploration, extraction, refining of ores and non-metallic minerals, and the sale of base and precious metals produced from ores. It operates through the following segments: GMK Group; South Pole ; KGMK Group; NN Harjavalta; GRK Bystrinskoye; Other mining operations; and other non-metallurgical products.

Further reading

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