Namib Minerals (NASDAQ:NAMM) Short Interest Down 31.9% in September

Key Points

• Namib Minerals (NASDAQ:NAMM) experienced a significant decrease in short interest, dropping 31.9% in September, with a total of 93,600 shares shorted as of September 30th.
• The company's stock is down 2.6%, currently trading at $2.29, with a market capitalization of $122.93 million and a PE ratio of -1.80.
• Wall Street analysts have issued predominantly "Sell" ratings for Namib Minerals, reflecting a cautious outlook on the stock's performance.

Namib Minerals (NASDAQ:NAMM - Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 93,600 shares, a decrease of 31.9% from the September 15th total of 137,400 shares. Approximately 3.7% of the company's stock are short sold. Based on an average daily volume of 568,400 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 568,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.7% of the company's stock are short sold.

Namib Minerals Stock Down 2.6%

Shares of NAMM stock traded down $0.06 during trading hours on Thursday, reaching $2.29. The company had a trading volume of 235,009 shares, compared to its average volume of 817,364. Namib Minerals has a 12 month low of $2.20 and a 12 month high of $55.00. The firm has a market capitalization of $122.93 million, a PE ratio of -1.80 and a beta of -0.11.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NAMM. Wall Street Zen upgraded Namib Minerals to a "sell" rating in a report on Sunday, August 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Namib Minerals in a report on Thursday, October 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Namib Minerals presently has an average rating of "Sell".

About Namib Minerals

Namib Minerals is a gold producer, developer and explorer with operations focused principally in Zimbabwe. Namib Minerals, formerly known as Hennessy Capital Investment Corp. VI, is based in New York.

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