RE:RE:gold trade is doneIt's hasn't been pretty lately, that's for sure. New Gold (NYSE:NGD) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 6,925,727 shares, a decline of 5.4% from the August 29th total of 7,318,182 shares. Currently, 1.4% of the company’s stock are short sold. Analysts at Scotiabank reiterated a “sector perform” rating on shares of New Gold in a research note on Friday, September 12th. Analysts at Morgan Stanley initiated coverage on shares of New Gold in a research note on Wednesday, September 3rd. They set an “overweight” rating and a $8.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. New Gold presently has an average rating of “Hold” and an average price target of $7.10.