NagaCorp Ltd. (OTCMKTS:NGCRF) Short Interest Up 4,601.8% in March

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of NagaCorp to a “buy” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

NagaCorp Price Performance

Shares of NagaCorp stock opened at $0.52 on Wednesday. NagaCorp has a 52-week low of $0.37 and a 52-week high of $0.80. The company’s fifty day moving average price is $0.55 and its two-hundred day moving average price 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.