NextSource Materials Inc. (OTCMKTS:NSRCF) Sees Large Drop in Short Interest

NextSource Materials Inc. (OTCMKTS:NSRCF) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 156,900 shares, a decrease of 14.6% from the February 13th total of 183,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,000 shares, the short-interest ratio is presently 2.0 days.

NextSource Materials Price Performance

NextSource Materials stock opened at $0.28 on Thursday. The firm’s 50 day moving average price is $0.45 and its 200-day moving average price is $0.46. NextSource Materials has a 1 year low of $0.26 and a 1 year high of $0.77. The stock has a market cap of $51.81 million, a P/E ratio of -3.50 and a beta of 1.07.

NextSource Materials (OTCMKTS:NSRCF) last announced its earnings results on Friday, February 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $50 billion for the quarter.

NextSource Materials Company Profile

NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc The company was founded in 2004 and is headquartered in Toronto, Canada.