MMC NORILSK NICKEL PJSC ADRS SPO (OTCMKTS:NILSY) on Focus After Report of More Shorts

July 18, 2017 - By Kurt Siggers

The stock of MMC NORILSK NICKEL PJSC ADRS SPO (OTCMKTS:NILSY) registered an increase of 8.15% in short interest. NILSY’s total short interest was 2.18 million shares in July as published by FINRA. Its up 8.15% from 2.02 million shares, reported previously. With 123,500 shares average volume, it will take short sellers 18 days to cover their NILSY’s short positions.

The stock increased 0.84% or $0.12 on July 17, reaching $14.45. About 59,085 shares traded. GMK Noril’skiy nikel’ PAO (ADR) (OTCMKTS:NILSY) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

GMK Noril’skiy nikel’ PAO is engaged in the exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious metals produced from ore. The company has market cap of $22.68 billion. The Company’s divisions include GMK Group, which includes mining and metallurgy operations, transport services, energy, repair and maintenance services located at Taimyr Peninsula; Group KGMK, which includes mining and metallurgy operations, energy, exploration activities located at Kola Peninsula; Norilsk Nickel Harjavalta, which includes refinery activities located in Finland; Other metallurgical, which includes other metallurgy activities and exploration activities located in Russia and abroad, and Other non-metallurgical, which includes metal and other trading, supply chain management, transport services, energy and utility, research and other activities located in Russia and abroad. It currently has negative earnings.

Another recent and important GMK Noril’skiy nikel’ PAO (ADR) (OTCMKTS:NILSY) news was published by Reuters.com which published an article titled: “Russia’s Nornickel completes Talnakh concentrator upgrade” on June 07, 2017.

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