North American Palladium (NYSE:PAL) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 8,145,574 shares, a drop of 3.9% from the July 15th total of 8,479,930 shares, AR Network reports. Based on an average daily volume of 2,267,064 shares, the short-interest ratio is currently 3.6 days. Approximately 2.2% of the shares of the stock are sold short.
Separately, analysts at Zacks upgraded shares of North American Palladium from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $0.30 price target on the stock. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $0.30.
North American Palladium (NYSE:PAL) opened at 0.2636 on Tuesday. North American Palladium has a 1-year low of $0.23 and a 1-year high of $1.20. The stock has a 50-day moving average of $0.29 and a 200-day moving average of $0.35. The company’s market cap is $101.3 million.
North American Palladium (NYSE:PAL) last announced its earnings results on Wednesday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01.
North American Palladium Ltd. (NYSE:PAL) is a precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.