Finance

What Recent Ownership Trends Suggest About Northern Dynasty Minerals Ltd. (NAK)’s Future Performance

Recent insider trends for Northern Dynasty Minerals Ltd. (NYSE:NAK) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on NAK is anything to go by, investors should pay attention.

Institutions own 11.27% of Northern Dynasty Minerals Ltd. (NAK)’s shares. The total value of these holdings, in millions, is $70. Among active positions in the latest quarter, 30 holders increased their positions by a total of 5.7 million shares, 35 holders decreased the positions by a total of 13.44 million shares, and 18 holders held their positions. This works out to a net decrease in ownership of 7.74 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 13 holders initiated new positions by a total of 1.41 million shares and 15 holders exited their positions by a total of 5.38 million shares. This nets out to a decrease of 3.97 million shares and is another bearish sign for NAK.

Insider ownership increased by a total of 0 shares, which suggests that NAK’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Northern Dynasty Minerals Ltd. (NYSE:NAK)’s short interest is 27.39 million shares, or 10.45% of the float. This represents a decrease of -0% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for NAK. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that NAK is a Strong buy, which implies that NAK is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Northern Dynasty Minerals Ltd. (NYSE:NAK) is undervalued.

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