Namib Minerals (NASDAQ:NAMM) Short Interest Update

Namib Minerals (NASDAQ:NAMM) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,843,285 shares, a growth of 1,676.1% from the January 15th total of 103,782 shares. Based on an average trading volume of 50,716,043 shares, the short-interest ratio is presently 0.0 days. Approximately 4.9% of the shares of the company are short sold. Approximately 4.9% of the shares of the company are short sold. Based on an average trading volume of 50,716,043 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Namib Minerals stock. Millennium Management LLC acquired a new stake in shares of Namib Minerals (NASDAQ:NAMM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,246 shares of the company’s stock, valued at approximately $63,000. 59.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NAMM shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Namib Minerals in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Namib Minerals from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Namib Minerals Stock Performance

Shares of NAMM traded down $0.41 during midday trading on Tuesday, hitting $2.41. 2,286,273 shares of the company traded hands, compared to its average volume of 19,991,898. Namib Minerals has a one year low of $0.91 and a one year high of $55.00. The firm has a market cap of $129.37 million, a price-to-earnings ratio of -1.90 and a beta of -0.04. The stock’s 50-day moving average is $1.88.

Namib Minerals Company Profile

Namib Minerals Ltd, traded on the Nasdaq under the symbol NAMM, is a mineral exploration and development company focused on identifying and advancing critical mineral deposits in Namibia. The company’s primary business activities include geological surveying, core drilling programs and resource estimation to define lithium, tantalum and other battery-grade mineral targets. Namib Minerals aims to leverage Namibia’s stable mining jurisdiction to develop projects that support the growing demand for high-purity minerals in the global electric vehicle and energy storage markets.

Headquartered in Windhoek, Namibia, the company’s exploration portfolio lies within recognized mineral belts known for lithium and associated rare elements.