NOVATEK JT STOCK COMPANY SPONSORED GDR (OTCMKTS:NOVKY) Has Decline in Shorts

July 18, 2017 - By Michael Collier

The stock of NOVATEK JT STOCK COMPANY SPONSORED GDR (OTCMKTS:NOVKY) registered a decrease of 13.99% in short interest. NOVKY’s total short interest was 49,800 shares in July as published by FINRA. Its down 13.99% from 57,900 shares, reported previously. With 100 shares average volume, it will take short sellers 498 days to cover their NOVKY’s short positions.

It closed at $105 lastly. It is down 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Novatek PAO is a natural gas production company. The company has market cap of $31.99 billion. The Firm is engaged in the exploration and production, processing, transportation and marketing of natural gas and liquid hydrocarbons. It has a 8.83 P/E ratio. The Company’s primary production assets are located in the Yamal-Nenets Autonomous Region .

Novatek PAO – ADR (OTCMKTS:NOVKY) Ratings Coverage

Among 2 analysts covering NovaTek (OTCMKTS:NOVKY), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. NovaTek had 2 analyst reports since October 19, 2015 according to SRatingsIntel. The stock of Novatek PAO – ADR (OTCMKTS:NOVKY) earned “Neutral” rating by Goldman Sachs on Monday, October 19. The stock of Novatek PAO – ADR (OTCMKTS:NOVKY) earned “Neutral” rating by JP Morgan on Monday, January 30.

More notable recent Novatek PAO – ADR (OTCMKTS:NOVKY) news were published by: Reuters.com which released: “Russia’s Novatek says signs deals with Technip, Linde on Arctic LNG 2” on May 03, 2017, also Seekingalpha.com with their article: “JPMorgan’s Top 100 Indexed Emerging Market ADRs” published on January 12, 2009, Marketwatch.com published: “iShares MSCI Russia Capped ETF” on February 02, 2011. More interesting news about Novatek PAO – ADR (OTCMKTS:NOVKY) were released by: Reuters.com and their article: “Novatek to supply gas to Mosenergo for up to RUB 53.35 bln in 2017” published on December 07, 2016 as well as Reuters.com‘s news article titled: “Unipro to increase volume of gas supply by Novatek to Surgutskaya GRES-2” with publication date: October 31, 2016.

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