Today, Short Interest in New Gold Inc. (NGD) Expands By 5.2%

Today, Short Interest in New Gold Inc. (NGD) Expands By 5.2%
New Gold Inc. (NYSE:NGD) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 9,305,264 shares, a growth of 5.2% from the October 31st total of 8,848,098 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 7,580,148 shares, the short-interest ratio is presently 1.2 days.

New Gold (NYSE:NGD) traded down 2.45% during trading on Friday, hitting $3.59. 2,353,897 shares of the stock were exchanged. The firm has a 50-day moving average of $3.96 and a 200-day moving average of $4.49. The stock has a market capitalization of $1.84 billion and a price-to-earnings ratio of 179.50. New Gold has a 52 week low of $1.76 and a 52 week high of $6.04.

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