After Reaching Milestone, Is Novagold Resources Incorporated (NYSEMKT:NG)’s Short Interest Revealing Something?

July 18, 2017 - By Ellis Scott

 After Reaching Milestone, Is Novagold Resources Incorporated (NYSEMKT:NG)’s Short Interest Revealing Something?

The stock of Novagold Resources Incorporated (NYSEMKT:NG) registered an increase of 2.21% in short interest. NG’s total short interest was 19.05M shares in July as published by FINRA. Its up 2.21% from 18.64 million shares, reported previously. With 2.89 million shares average volume, it will take short sellers 7 days to cover their NG’s short positions. The short interest to Novagold Resources Incorporated’s float is 9.04%.

The stock decreased 0.88% or $0.04 on July 17, reaching $4.52. About shares traded. NovaGold Resources Inc. (USA) (NYSEMKT:NG) has declined 29.36% since July 18, 2016 and is downtrending. It has underperformed by 46.06% the S&P500.

Novagold Resources Inc. is a mineral exploration company. The company has market cap of $1.44 billion. The Firm is engaged in the exploration and development of mineral properties. It currently has negative earnings. The Company’s divisions include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada.

Another recent and important NovaGold Resources Inc. (USA) (NYSEMKT:NG) news was published by Streetinsider.com which published an article titled: “Form 4 NOVAGOLD RESOURCES INC For: Jul 17” on July 17, 2017.

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