Sherritt International Co. (OTCMKTS:SHERF) Short Interest Down 88.9% in May

Sherritt International Co. (OTCMKTS:SHERFGet Rating) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 6,000 shares, a decrease of 88.9% from the April 30th total of 54,000 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

A number of brokerages have recently commented on SHERF. National Bank Financial lowered their price objective on Sherritt International from C$0.80 to C$0.75 in a research report on Monday, February 13th. Scotiabank decreased their price target on Sherritt International from C$0.80 to C$0.70 in a research note on Tuesday, February 7th. Finally, TD Securities decreased their price target on Sherritt International from C$1.10 to C$0.90 in a research note on Monday, February 13th.

Sherritt International Stock Performance

Shares of SHERF remained flat at $0.38 during mid-day trading on Friday. 1,100 shares of the company traded hands, compared to its average volume of 19,149. The business has a fifty day moving average of $0.40 and a 200-day moving average of $0.40. Sherritt International has a twelve month low of $0.25 and a twelve month high of $0.49.

About Sherritt International

(Get Rating)

Sherritt International Corp. is engaged in the production and provision of nickel and cobalt from lateritic ores. It operates through the following divisions: Moa Joint Venture and Fort Site, Metals, Oil and Gas, Power, and Corporate and Other. The Moa Joint Venture and Fort Site segment engages in fertilizer operations at Fort Site.

Further Reading

Receive News & Ratings for Sherritt International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherritt International and related companies with's FREE daily email newsletter.