Newcrest Mining Limited (OTCMKTS:NCMGY) Short Interest Update

Newcrest Mining Limited (OTCMKTS:NCMGY – Get Rating) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 34,200 shares, a drop of 47.6% from the March 31st total of 65,300 shares. Based on an average trading volume of 141,800 shares, the short-interest ratio is currently 0.2 days.

Shares of Newcrest Mining stock traded down $0.63 during trading hours on Friday, reaching $18.77. 84,859 shares of the company’s stock were exchanged, compared to its average volume of 92,200. The company has a current ratio of 2.68, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $19.67 and a two-hundred day moving average of $18.24. Newcrest Mining has a fifty-two week low of $14.76 and a fifty-two week high of $22.70.

Separately, Zacks Investment Research raised Newcrest Mining from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st.

About Newcrest Mining (Get Rating)

Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. It is also involved in the exploration and production of silver deposits. The company primarily owns and operates mines and projects located in Cadia, Telfer, and Havieron, Australia; Lihir and Wafi-Golpu, Papua New Guinea; Red Chris in British Columbia, Canada; and Fruta Del Norte, Ecuador.

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