Nickel Industries Limited (OTCMKTS:NICMF – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 159,273 shares, a drop of 77.1% from the August 15th total of 694,019 shares. Based on an average trading volume of 15,564 shares, the short-interest ratio is presently 10.2 days.
Nickel Industries Stock Performance
OTCMKTS NICMF remained flat at $0.60 on Friday. The business has a 50 day moving average of $0.60 and a two-hundred day moving average of $0.65. Nickel Industries has a 12-month low of $0.42 and a 12-month high of $0.80.
About Nickel Industries
Nickel Industries Limited is an Australia-based resources company focused on the development, construction and operation of battery-grade nickel processing assets in Indonesia. The company’s core business centers on the production of mixed hydroxide precipitate (MHP), a precursor material used in the manufacture of lithium-ion batteries for electric vehicles and energy storage systems.
The company owns and operates two high-pressure acid leach (HPAL) plants in Southeast Sulawesi. Its flagship Hengjaya Nickel project and the Ranger Nickel facility leverage Indonesia’s rich laterite nickel deposits to produce MHP for customers in Asia, Europe and North America.
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