NagaCorp Ltd. (OTCMKTS:NGCRF) Short Interest Update

NagaCorp Ltd. (OTCMKTS:NGCRF) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 79,695 shares, a growth of 4,601.8% from the February 26th total of 1,695 shares. Based on an average trading volume of 4,315 shares, the days-to-cover ratio is presently 18.5 days. Based on an average trading volume of 4,315 shares, the days-to-cover ratio is presently 18.5 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of NagaCorp to a “buy” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

NagaCorp Stock Performance

Shares of OTCMKTS NGCRF traded up $0.01 during mid-day trading on Tuesday, hitting $0.52. 14,097 shares of the stock were exchanged, compared to its average volume of 9,520. NagaCorp has a twelve month low of $0.37 and a twelve month high of $0.80. The stock’s fifty day simple moving average is $0.56 and its two-hundred day simple moving average is $0.65.

About NagaCorp

NagaCorp Ltd is a Cayman Islands–incorporated company primarily engaged in the development, ownership and operation of integrated entertainment resorts in Cambodia. Its flagship property, NagaWorld, is located in the capital city of Phnom Penh and combines hotel accommodations, gaming facilities, dining venues and live entertainment under one roof. The resort caters to both mass-market and high-end clientele, offering a range of casino tables, electronic gaming machines and exclusive VIP gaming salons.

Beyond gaming, NagaWorld features multiple restaurants, retail outlets, conference and banquet spaces, as well as a theater that hosts cultural performances and international shows.