Namib Minerals (NASDAQ:NAMM) Sees Significant Decline in Short Interest
Namib Minerals (NASDAQ:NAMM) experienced a significant 15.2% decrease in short interest in March, totaling 899,545 shares, which represents about 2.4% of shares sold short and a 1.2 days-to-cover ratio. The stock trades near $2.12 with a market capitalization of $114.7 million, and institutional investors hold approximately 59.54% of the shares. Analyst ratings for the company are mixed, with an average "Reduce" rating, though some firms recently upgraded their stance to "Hold."