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

Sherritt International Co. (OTCMKTS:SHERF – Get 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

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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.