Nexa Resources S.A. (NYSE:NEXA) Sees Significant Growth in Short Interest

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 26,900 shares, an increase of 33.2% from the March 31st total of 20,200 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 24,400 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP lifted its position in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,414 shares of the company's stock after acquiring an additional 7,220 shares during the quarter. Dimensional Fund Advisors LP owned 0.47% of Nexa Resources worth $5,531,000 at the end of the most recent quarter.

Nexa Resources Stock Performance

Shares of NYSE:NEXA traded up $0.08 during trading on Thursday, reaching $5.23. The company had a trading volume of 16,479 shares, compared to its average volume of 47,194. Nexa Resources has a fifty-two week low of $5.04 and a fifty-two week high of $9.61. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. The stock's fifty day moving average price is $5.75 and its 200 day moving average price is $6.66. The firm has a market capitalization of $692.66 million, a price-to-earnings ratio of -3.40 and a beta of 1.05.

Nexa Resources (NYSE:NEXA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. The business had revenue of $627.12 million during the quarter, compared to analysts' expectations of $635.17 million. As a group, equities research analysts predict that Nexa Resources will post 1.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NEXA shares. Scotiabank decreased their target price on Nexa Resources from $5.00 to $4.50 and set a "sector underperform" rating for the company in a research note on Monday, April 7th. Bank of America dropped their target price on shares of Nexa Resources from $8.00 to $6.50 and set an "underperform" rating on the stock in a research report on Monday, March 10th. Finally, BMO Capital Markets started coverage on shares of Nexa Resources in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $6.00 price objective for the company.

About Nexa Resources

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.