What Will Happen to Novagold Resources Incorporated (NYSEAMERICAN:NG) Next? The Stock Has Decline in Shorts

February 16, 2018 - By Darrin Black

 What Will Happen to Novagold Resources Incorporated (NYSEAMERICAN:NG) Next? The Stock Has Decline in Shorts

The stock of Novagold Resources Incorporated (NYSEAMERICAN:NG) registered a decrease of 0.58% in short interest. NG’s total short interest was 12.54 million shares in February as published by FINRA. Its down 0.58% from 12.61M shares, reported previously. With 1.25M shares average volume, it will take short sellers 10 days to cover their NG’s short positions. The short interest to Novagold Resources Incorporated’s float is 5.95%.

The stock decreased 0.36% or $0.015 during the last trading session, reaching $4.145. About 1.29M shares traded. NovaGold Resources Inc. (NYSEAMERICAN:NG) has declined 29.36% since February 16, 2017 and is downtrending. It has underperformed by 46.06% the S&P500.

NovaGold Resources Inc. explores and develops mineral properties in Canada and the United States. The company has market cap of $1.32 billion. The firm primarily explores for gold, silver, and copper deposits. It currently has negative earnings. It holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska; and a 50% interest in the Galore Creek property, a copper-gold-silver project covering an area of 293,837 acres in northwestern British Columbia.

More news for NovaGold Resources Inc. (NYSEAMERICAN:NG) were recently published by: Reuters.com, which released: “Paulson holds stake steady in gold investments in fourth quarter of 2017: filing” on February 15, 2018. Globenewswire.com‘s article titled: “NOVAGOLD Reports 2017 Results as It Approaches Completion of Key Milestones in …” and published on January 24, 2018 is yet another important article.

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