Nouveau Monde Graphite Inc. (NYSE:NMG) Short Interest Down 18.8% in April

Nouveau Monde Graphite Inc. (NYSE:NMG) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 402,300 shares, a decline of 18.8% from the March 31st total of 495,300 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 189,200 shares, the short-interest ratio is presently 2.1 days.

Nouveau Monde Graphite Stock Down 1.9 %

Nouveau Monde Graphite stock traded down $0.04 during mid-day trading on Monday, reaching $2.07. 71,850 shares of the company were exchanged, compared to its average volume of 169,310. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.58 and a current ratio of 3.58. The firm has a market cap of $138.92 million, a P/E ratio of -2.84 and a beta of 0.80. The business has a fifty day moving average of $2.29 and a 200 day moving average of $2.38. Nouveau Monde Graphite has a 12-month low of $1.85 and a 12-month high of $4.00.

Nouveau Monde Graphite (NYSE:NMG) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). Research analysts anticipate that Nouveau Monde Graphite will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Nouveau Monde Graphite

A number of institutional investors have recently modified their holdings of NMG. Kestra Advisory Services LLC acquired a new stake in Nouveau Monde Graphite in the third quarter valued at approximately $268,000. Richelieu Gestion SA increased its position in shares of Nouveau Monde Graphite by 7.8% during the fourth quarter. Richelieu Gestion SA now owns 911,949 shares of the company’s stock worth $2,380,000 after purchasing an additional 66,115 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Nouveau Monde Graphite by 15.1% during the 4th quarter. National Bank of Canada FI now owns 119,338 shares of the company’s stock valued at $306,000 after purchasing an additional 15,640 shares during the last quarter. 41.09% of the stock is currently owned by institutional investors.

About Nouveau Monde Graphite

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec.