Short Interest in Nexa Resources S.A. (NYSE:NEXA) Decreases By 33.8%

Nexa Resources S.A. (NYSE:NEXA) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 25,300 shares, a decrease of 33.8% from the January 15th total of 38,200 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 115,800 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on NEXA shares. Scotiabank lowered their price objective on shares of Nexa Resources from $7.00 to $5.00 and set a “sector underperform” rating for the company in a research note on Friday, February 7th. Morgan Stanley raised shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $7.50 to $7.80 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.16.

Nexa Resources Trading Up 0.1 %

NYSE:NEXA opened at $5.68 on Friday. The company’s 50 day moving average price is $7.10 and its 200-day moving average price is $7.14. Nexa Resources has a 52 week low of $5.10 and a 52 week high of $9.61. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. The stock has a market cap of $751.60 million, a price-to-earnings ratio of -3.72 and a beta of 1.45.

Institutional Investors Weigh In On Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP grew its position in shares of Nexa Resources S.A. (NYSE:NEXA) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 628,414 shares of the company’s stock after buying an additional 7,220 shares during the quarter. Dimensional Fund Advisors LP owned 0.47% of Nexa Resources worth $5,531,000 as of its most recent filing with the Securities & Exchange Commission.

Nexa Resources Company Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.