RE:RE:Investopedia Video: Short Squeeze - part 1paths wrote: Ok but the short interest is 9.68% of float plus the Canada component, so not enough to be a factor with a severe impact. The shares were sinking before as the prices of copper and gold were both sliding, while the company was not releasing news so adding to the effect. Looking better now for both gold and copper so it should help the share price.
My best performing stock last year was CDE ... it was one of the most heavily shorted PM stocks in the entire PM sector with only around a 12% short interest ... I entered the stock at almost the exact bottom at aprox. $2 and it went to $16 in 6 months as the shorts exited .... with NDM at almost 10% short, it's close to CDE's numbers, and as you say, the fundy's for Gold & Copper are looking better, however in NDM's case, it has multiple catalsyst that could quickly turn these shorts into ash.
Another great performer last year was HL ... again, it was one of the most heavily shorted PM stocks; it's short interest was around 11%.