Short Interest Watching: Will MMC NORILSK NICKEL PJSC ADRS SPO (NILSY) Run Out of Steam Soon?

November 29, 2016 - By Ellis Scott

Short Interest Watching: Will MMC NORILSK NICKEL PJSC ADRS SPO (NILSY) Run Out of Steam Soon?

The stock price of MMC NORILSK NICKEL PJSC ADRS SPO (OTCMKTS:NILSY) recorded $0.19 in recent trading, touching $16.92 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, MMC NORILSK NICKEL PJSC ADRS SPO’s stock was -11.00%. According to the short interest report published recently, (NILSY) had 159,600 shorted shares for 3.7 days to cover. The prior short interest was 284,100 for a $-43.82 change. The 52-Week High and Low are noted here. -0.82% (High), 64.91%, (Low). The stock had 42,800 average volume.

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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.

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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.

Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.

Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.

Disclaimer: The information contained on this website and from any communication related to this website is for information purposes only. The material on this website does not constitute advice and you should not rely on any material in this website to make (or refrain from making) any decision or take (or refrain from making) any action.

More notable recent GMK Noril’skiy nikel’ PAO (ADR) (OTCMKTS:NILSY) news were published by: Reuters.com which released: “Russia’s Nornickel proposes 9-month dividend of 444.25 roubles/share” on November 11, 2016, also Reuters.com with their article: “Russia’s Nornickel Q3 nickel output down 4 pct q/q” published on October 31, 2016, Reuters.com published: “Russia’s Norilsk says sale of Nkomati nickel mine stalls, to defend in courts” on October 10, 2016. More interesting news about GMK Noril’skiy nikel’ PAO (ADR) (OTCMKTS:NILSY) were released by: Reuters.com and their article: “Russia’s Nornickel to consider credit line for up to $500 mln” published on September 22, 2016 as well as Reuters.com‘s news article titled: “Russia Norilsk in talks with Western banks over credit facility” with publication date: August 29, 2016.

GMK Noril’skiy nikel’ PAO is engaged in the exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious metals produced from ore. The company has a market cap of $26.82 billion. The Company’s divisions include GMK Group, which includes mining and metallurgy operations, transport services, energy, repair and maintenance services located at Taimyr Peninsula; Group KGMK, which includes mining and metallurgy operations, energy, exploration activities located at Kola Peninsula; Norilsk Nickel Harjavalta, which includes refinery activities located in Finland; Other metallurgical, which includes other metallurgy activities and exploration activities located in Russia and abroad, and Other non-metallurgical, which includes metal and other trading, supply chain management, transport services, energy and utility, research and other activities located in Russia and abroad. It currently has negative earnings.

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